The Japan Times - Swiss vote on pensions and environment protections

EUR -
AED 3.794909
AFN 76.458476
ALL 99.034315
AMD 409.939796
ANG 1.863431
AOA 943.848309
ARS 1087.486247
AUD 1.647883
AWG 1.862375
AZN 1.760572
BAM 1.947727
BBD 2.087345
BDT 126.081923
BGN 1.956195
BHD 0.389175
BIF 3019.578176
BMD 1.033218
BND 1.396365
BOB 7.144526
BRL 5.999795
BSD 1.03389
BTN 90.442943
BWP 14.301515
BYN 3.383693
BYR 20251.063216
BZD 2.076822
CAD 1.477346
CDF 2949.836368
CHF 0.939932
CLF 0.025939
CLP 995.381495
CNY 7.529887
CNH 7.546363
COP 4256.54618
CRC 526.997843
CUC 1.033218
CUP 27.380264
CVE 110.606342
CZK 25.131677
DJF 184.120618
DKK 7.463912
DOP 64.214874
DZD 139.651787
EGP 51.929289
ERN 15.498263
ETB 130.444116
FJD 2.390146
FKP 0.850945
GBP 0.833213
GEL 2.872748
GGP 0.850945
GHS 15.963614
GIP 0.850945
GMD 74.392028
GNF 8942.497925
GTQ 7.994593
GYD 216.744294
HKD 8.049379
HNL 26.512763
HRK 7.624678
HTG 135.237503
HUF 405.372959
IDR 16888.198522
ILS 3.684561
IMP 0.850945
INR 90.705391
IQD 1353.514939
IRR 43498.457578
ISK 146.696621
JEP 0.850945
JMD 163.36734
JOD 0.732969
JPY 156.439861
KES 133.285421
KGS 90.355268
KHR 4150.435104
KMF 492.332064
KPW 929.895875
KRW 1507.764378
KWD 0.31882
KYD 0.861616
KZT 527.231967
LAK 22446.650788
LBP 92524.628473
LKR 307.346109
LRD 203.828025
LSL 19.021928
LTL 3.050823
LVL 0.624983
LYD 5.073491
MAD 10.344614
MDL 19.386366
MGA 4861.288748
MKD 61.570904
MMK 3355.850172
MNT 3510.873213
MOP 8.295137
MRU 41.380753
MUR 48.255123
MVR 15.922273
MWK 1793.665955
MXN 21.244657
MYR 4.588006
MZN 66.033321
NAD 19.021924
NGN 1548.493805
NIO 37.981465
NOK 11.616909
NPR 144.708709
NZD 1.825747
OMR 0.397482
PAB 1.03388
PEN 3.841543
PGK 4.155641
PHP 59.988996
PKR 288.374831
PLN 4.196982
PYG 8154.923157
QAR 3.761687
RON 4.972053
RSD 117.12971
RUB 100.139075
RWF 1442.371645
SAR 3.875253
SBD 8.727396
SCR 14.782243
SDG 620.964075
SEK 11.310946
SGD 1.398361
SHP 0.850945
SLE 23.495749
SLL 21666.054515
SOS 588.335098
SRD 36.27114
STD 21385.51642
SVC 9.047107
SYP 13433.894063
SZL 19.021916
THB 35.016123
TJS 11.316313
TMT 3.626593
TND 3.308402
TOP 2.419903
TRY 37.165702
TTD 7.014688
TWD 33.933863
TZS 2653.09803
UAH 42.852632
UGX 3796.712157
USD 1.033218
UYU 44.972076
UZS 13405.997551
VES 62.432687
VND 26150.735204
VUV 122.665658
WST 2.893863
XAF 653.255703
XAG 0.032472
XAU 0.000361
XCD 2.792322
XDR 0.792994
XOF 650.414138
XPF 119.331742
YER 257.323196
ZAR 19.03103
ZMK 9300.201166
ZMW 28.925669
ZWL 332.695617
  • RBGPF

    0.5100

    66.51

    +0.77%

  • BCC

    -1.8300

    123.28

    -1.48%

  • SCS

    -0.2200

    11.36

    -1.94%

  • GSK

    -0.3400

    36.04

    -0.94%

  • NGG

    -0.1300

    61.54

    -0.21%

  • RIO

    -0.2400

    61.95

    -0.39%

  • AZN

    -0.3700

    71.99

    -0.51%

  • BTI

    0.1400

    41.76

    +0.34%

  • CMSC

    -0.0700

    23.37

    -0.3%

  • CMSD

    -0.0800

    23.75

    -0.34%

  • RELX

    -0.4100

    49.99

    -0.82%

  • JRI

    -0.0200

    12.81

    -0.16%

  • BP

    0.3100

    32.27

    +0.96%

  • RYCEF

    -0.0800

    7.45

    -1.07%

  • BCE

    -1.3800

    22.14

    -6.23%

  • VOD

    0.1300

    8.57

    +1.52%

Swiss vote on pensions and environment protections
Swiss vote on pensions and environment protections / Photo: Fabrice COFFRINI - 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".

S.Fujimoto--JT