This law indends to reduce greenhouse gas emissions within and outside Liechtenstein, and implement the EEA legislation on emissions trading. The targets are similar to EU commitments. The document details permitting rules. Art. 4 states that the reduction of greenhouse gas emissions is primarily pursued through domestic measures, in particular through energy, transport, environmental, forestry, agricultural, economic and financial measures. The share of greenhouse gases that can not be reduced by domestic measures to achieve the reduction targets under para. 1 is covered by participation in project measures abroad or in international emissions trading.
The Emission Trading Act anchors in law a GHG emission reduction target, reducing GHG emissions by 55% compared to the base year 1990. Article 4 outlines a long-term goal to reach climate neutrality by 2050, and an interim target to reduce greenhouse gas emissions by 45% below 1990 levels by 2030. Reductions are primarily to be achieved domestically, with at least 40% reduced in Liechtenstein. Liechtenstein is also participating in the European Economic Area (EEA) and is obliged to adopt EU legislation considered relevant to the EEA, which is the case for all acts under the EU's Fit for 55 package, and the current version reflects changes in EEA/EU ETS law and updated climate commitments, ensuring the law stays consistent with international obligations and linked registries and market mechanisms.
