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.

Emissions Trading Act (EHG)

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Emissions Trading Act (Initial version)

Amended/Updated

Liechtenstein

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An aim to achieve a quantifiable outcome within a given time-frame, set by an institution such as a national government.

Policy instruments are techniques or tools used by governing authorities to promote certain policies in order to achieve predetermined goals. Put simply, instruments are how a government tries to achieve its goals, with this taxonomy being focused on national policy instruments.

Risk is the potential for adverse consequences resulting from the dynamic interplay between (climate-related) hazards, exposure, and vulnerability of affected human or ecological systems.

Groups  of people who are adversely affected by climate change or the response to it

A set of principles, processes, and practices that build economic and political power to shift from an extractive economy to a regenerative economy.

Justice is the ethical and political framework that addresses fairness, including issues of responsibility, rights, and structural inequity.

Renewable energy means all forms of energy produced from renewable sources in a sustainable manner.

Fossil fuel is a generic term for non-renewable energy sources such as coal, fossil gas, and oil (including crude oil, and petroleum products), that can be used for electricity and heat generation. Fossil fuels are hydrocarbons formed from pressurised and heated organic material buried over millions of years.

Molecules in the atmosphere that play a key role in the greenhouse effect by trapping heat radiating from Earth’s surface.

Area of the economy in which actors engage in identical or related activities.

In human systems, the process of adjustment to actual or expected climate change and its effects, in order to moderate harm, increase resilience or exploit beneficial opportunities. In natural systems, the process of adjustment to actual climate change and its effects; human intervention may facilitate adjustment to expected climate change and its effects.

The management and allocation of funds, assets and investments to meet various objectives

Compulsory, required payments to the government that are levied more-or-less in proportion to the services provided. Fees and charges range from entrance fees to national parks, charges on land-based sewage discharge.

Tradable permits are market-based tools that grant permission for specific activities, frequently used to regulate emissions. These permits can be issued within a trading system to manage environmental impacts.

A target to reduce the prevalence of a greenhouse gas over a specific time frame

Either money or something of monetary value is transferred between two or more organisations, people or countries.

The release of heat-trapping gases, primarily from human activities such as burning fossil fuels, agriculture and industry.

A long-lived, colourless gas, chiefly emitted from fossil fuel combustion, deforestation and cement production.

A potent, short-lived greehouse gas, largely released from livestock, fossil fuel extraction and waste management.

Air pollution involves harmful contaminants in the air, affecting both indoor and outdoor environments. It can lead to health issues like respiratory diseases and heart problems, and climate impacts such as global warming. Pollutants can damage plants, trees, habitats, and water bodies like rivers and lakes.

Fossil gas, commonly known as natural gas, is a fossil fuel consisting chiefly of methane with smaller amounts of other hydrocarbons and trace gases, found in underground deposits.

woman and genders outside of the gender binary

Any compulsory, unrequited payment to the government levied on corporations or individuals. This can be for environmental reasons, such as introducing a Carbon tax to set a price that emitters must pay for the greenhouse gases they emit.

This sector involves activities to move goods and people, alongside the storage of products.

Activities that involve the cultivation of crops and raising of livestock for food, fibre, and other products essential for human life and industry.

the fair distribution of risks and opportunities of climate change and the transition to a regenerative economy, cognisant in particular of disproportionate impacts on vulnerable communities and the working class

Slow onset events evolve gradually from incremental changes over many years or from increased frequency or intensity of recurring events. As defined in the Cancun Adaptation Framework (2010), slow onset events include risks and impacts from rising temperatures, desertification, biodiversity loss, land and forest degradation, glacial retreat, ocean acidification, sea level rise, and salinization.

Emissions Trading Act (Initial version)

Target

Policy instrument

Risk

Impacted group

Climate justice

Fossil fuel

Greenhouse gas

Economic sector

Finance