The China Mail - Swiss vote on pensions and environment protections

USD -
AED 3.672499
AFN 62.506428
ALL 82.669181
AMD 376.230888
ANG 1.790083
AOA 916.999898
ARS 1397.438963
AUD 1.434216
AWG 1.80225
AZN 1.698731
BAM 1.684191
BBD 2.010067
BDT 122.460754
BGN 1.709309
BHD 0.377549
BIF 2964.056903
BMD 1
BND 1.276953
BOB 6.911428
BRL 5.219601
BSD 0.997972
BTN 93.511761
BWP 13.674625
BYN 2.954524
BYR 19600
BZD 2.007225
CAD 1.379045
CDF 2277.560893
CHF 0.788285
CLF 0.023168
CLP 914.819733
CNY 6.892701
CNH 6.896815
COP 3705.22
CRC 464.994123
CUC 1
CUP 26.5
CVE 94.953305
CZK 21.031597
DJF 177.721517
DKK 6.434015
DOP 59.786189
DZD 132.496617
EGP 52.610098
ERN 15
ETB 154.279108
EUR 0.86114
FJD 2.24025
FKP 0.747226
GBP 0.744805
GEL 2.704971
GGP 0.747226
GHS 10.903627
GIP 0.747226
GMD 73.495784
GNF 8747.24442
GTQ 7.642594
GYD 208.863457
HKD 7.816545
HNL 26.426305
HRK 6.490797
HTG 130.855608
HUF 335.092497
IDR 16874
ILS 3.11496
IMP 0.747226
INR 94.01855
IQD 1307.361768
IRR 1313025.000172
ISK 123.859562
JEP 0.747226
JMD 157.486621
JOD 0.708967
JPY 158.778019
KES 129.750191
KGS 87.449198
KHR 4005.063378
KMF 425.99973
KPW 900.014346
KRW 1496.680243
KWD 0.30647
KYD 0.831676
KZT 481.782876
LAK 21486.820464
LBP 89375.339068
LKR 313.699656
LRD 183.13807
LSL 17.013787
LTL 2.95274
LVL 0.60489
LYD 6.362944
MAD 9.303745
MDL 17.455028
MGA 4166.899883
MKD 53.104551
MMK 2100.167588
MNT 3569.46809
MOP 8.04266
MRU 39.802636
MUR 46.459693
MVR 15.460316
MWK 1730.481919
MXN 17.730503
MYR 3.964988
MZN 63.910023
NAD 17.013787
NGN 1377.903141
NIO 36.726715
NOK 9.725698
NPR 149.61272
NZD 1.71587
OMR 0.3845
PAB 0.997963
PEN 3.451997
PGK 4.309899
PHP 59.985973
PKR 278.8205
PLN 3.674825
PYG 6511.920293
QAR 3.639338
RON 4.388203
RSD 101.148972
RUB 80.876407
RWF 1459.995436
SAR 3.751309
SBD 8.041975
SCR 13.769339
SDG 601.000445
SEK 9.270365
SGD 1.27794
SHP 0.750259
SLE 24.58613
SLL 20969.510825
SOS 570.306681
SRD 37.340127
STD 20697.981008
STN 21.09741
SVC 8.732681
SYP 110.948257
SZL 17.012336
THB 32.478014
TJS 9.575933
TMT 3.51
TND 2.927264
TOP 2.40776
TRY 44.357297
TTD 6.780508
TWD 31.907202
TZS 2570.059022
UAH 43.82926
UGX 3737.239351
UYU 40.671515
UZS 12175.463071
VES 458.87816
VND 26350
VUV 119.508072
WST 2.738201
XAF 564.849586
XAG 0.01366
XAU 0.000218
XCD 2.70255
XCG 1.798634
XDR 0.702492
XOF 564.869043
XPF 102.697908
YER 238.59782
ZAR 16.842011
ZMK 9001.211096
ZMW 18.887324
ZWL 321.999592
  • RBGPF

    -13.5000

    69

    -19.57%

  • RYCEF

    -0.2800

    15.69

    -1.78%

  • CMSC

    -0.0100

    22.87

    -0.04%

  • RELX

    -1.3500

    32.46

    -4.16%

  • GSK

    0.9600

    52.95

    +1.81%

  • BCE

    0.0700

    25.83

    +0.27%

  • CMSD

    -0.1100

    22.63

    -0.49%

  • RIO

    0.9300

    86.77

    +1.07%

  • BTI

    -0.1600

    57.76

    -0.28%

  • VOD

    0.1800

    14.66

    +1.23%

  • NGG

    0.2700

    82.33

    +0.33%

  • BCC

    1.6900

    73.57

    +2.3%

  • BP

    1.2200

    44.79

    +2.72%

  • JRI

    0.1800

    11.86

    +1.52%

  • AZN

    1.7100

    185.78

    +0.92%

Swiss vote on pensions and environment protections
Swiss vote on pensions and environment protections / Photo: © AFP

Swiss vote on pensions and environment protections

Switzerland may be associated with pristine natural landscapes, but environmentalists sounding the alarm over its endangered ecosystems are urging voters to back broader biodiversity protections in a referendum Sunday.

Text size:

That proposal appears set to fail, according to opinion polls, while the Swiss are also set to reject a planned reform of the financing of the wealthy Alpine nation's pension system slammed by unions as a "scam".

Most people cast their ballots in advance in the popular votes held every couple of months under Switzerland's direct democratic system and polling stations will only open a few hours Sunday morning.

Early results are expected by mid-afternoon.

The first proposal, entitled "For the future of our nature and our landscape", has the backing of a number of environmental protection organisations, including Pro Natura and BirdLife.

These warn that Switzerland's biodiversity "has declined".

"Switzerland has one of the highest levels of threatened species and environments among the European countries in the OECD (Organization for Economic Cooperation)", Sarah Pearson Perret, a Pro Natura director, told AFP, citing a report by the European Environmental Agency.

Published in 2020, that study shows that the percentage of protected zones compared to the national territory is lower in Switzerland than anywhere else in Europe.

- 'Alarming' -

Switzerland's federal government currently invests around 600 million Swiss francs ($700 million) each year towards the preservation of biodiversity.

But the organisations behind Sunday's referendum say that is not enough.

While they have not said exactly how much more should be spent, they are asking voters to approve boosting the biodiversity budget and to expand the number of protected areas.

A landmark biodiversity agreement reached in Montreal in 2022 called for at least 30 percent of the planet's lands and oceans to be protected by 2030.

But last year, Switzerland's Federal Office for the Environment (FOEN) said just 13.4 percent of the Alpine country's territory was dedicated to biodiversity conservation.

The FOEN acknowledges that Swiss biodiversity protection is insufficient, with half of all natural environments and a third of natural spaces threatened.

Aquatic environments and marshes are among the most threatened.

The organisations backing the referendum deem the situation "alarming", stressing that "the mass extinction of species directly affects us humans".

Both the government and parliament have come out against the proposal, insisting Switzerland is already doing enough and warning that the measures would severely impact the economy, agriculture, construction and energy production.

- 'Scam' -

Swiss voters also appeared set Sunday to reject a government-backed reform of pension financing.

Today's Swiss pensions are split into three so-called pillars: the basic state pension, a compulsory pension fund into which employers and employees must pay and voluntary top-ups into private funds and investments.

According to the government, low financial market returns and rising life expectancy have left the second pillar underfinanced.

Bern's proposed reform would require employers and workers to raise their pensions contributions into the obligatory occupational funds.

But the unions who demanded the reform be put to a referendum charge that it would force people to contribute more even as they would see their pension payments shrink.

The Swiss Trade Union Federation, an umbrella group of 20 unions, has slammed the reform as a "scam".

I.Taylor--ThChM--ThChM