Emissions Trading Act

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. Art. 4 also mentions that the government is preparing a National Climate Change Strategy, in which it lays down the principles and measures to reduce emissions in order to achieve climate neutrality by 2050.