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The Swiss government announced a new plan to invest 2 billion CHF over the next 5 years into expanding renewable energy infrastructure across the country. The goal is to increase the share of renewable electricity generation to 50% by 2030.

Swiss Government Unveils 2 Billion CHF Plan to Boost Renewable Energy

In a major push to accelerate the country’s transition to clean energy, the Swiss government has announced a new 2 billion Swiss franc (CHF) investment plan to expand renewable energy infrastructure over the next 5 years. The goal is to increase the share of renewable electricity generation in Switzerland to 50% by 2030.

“This is a critical step forward in Switzerland’s efforts to address climate change and reduce our reliance on fossil fuels,” said Swiss Environment Minister Anna Schneider. “Investing in renewable energy projects across the country will create jobs, reduce emissions, and help us meet our ambitious climate targets.”

The 2 billion CHF plan will fund a variety of renewable energy initiatives, including:

  • 1 billion CHF for the construction of new solar, wind, and hydroelectric power plants
  • 500 million CHF for upgrading and modernizing existing hydroelectric infrastructure
  • 300 million CHF for research and development of next-generation renewable technologies
  • 200 million CHF for programs to encourage private investment in residential and commercial solar installations

The government expects this investment will add over 2 gigawatts of new renewable electricity capacity by 2030, enough to power over 1 million Swiss households.

“Making the switch to renewable energy is crucial for Switzerland’s long-term energy security and environmental sustainability,” said Schneider. “This plan will put us on a path to reaching our 2030 target and beyond, creating a healthier, more sustainable future for generations to come.”

The new renewable energy initiative is part of Switzerland’s broader climate action plan, which aims to achieve net-zero greenhouse gas emissions by 2050. Other key elements include improving energy efficiency, phasing out fossil fuel use, and scaling up carbon capture and storage technologies.

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