Three federal councilors will take part in the United Nations Climate Conference in Glasgow from 31 October to 3 November. Federal President Guy Parmelin, Environment Minister Simonetta Somaruga and Finance Minister Uly Maurer visit Scotland. The program is strict.

Parmelin assumes his representative role as federal president and will officially inaugurate the convention in Scotland on Monday, November 1st, along with about 100 heads of state and government, as his department announced on Monday.

He will also participate in a high-level meeting dedicated to the urgency of business in tackling climate change. He will also participate at the invitation of the European Bank for Reconstruction and Development (EWBE). Finally he will visit a cryosphere pavilion. The cryosphere refers to all the frozen parts of the hydrosphere: ice, sea ice, glaciers, ice sheets, ice shelves, permafrost, frozen rivers and lakes.

Federal Councilor Somaruga, along with environment ministers from other countries, will also participate in ministerial-level talks and ultimately in decision-making at the conference. Her department said that along with the negotiating delegation, she would work for uniform and clear rules for the implementation of the Paris Agreement.

This means that the emissions reductions that a country makes with climate protection projects abroad cannot be credited twice – to the donor and to the recipient countries. Switzerland is also committed to efficient and fair financing of climate protection projects in developing countries. Switzerland hopes that all states will support countries that are particularly affected by climate change, as far as they can.

Finance Minister Maurer and Secretary of State Daniela Stoffel will make their presence felt in Glasgow on 3 November. Among other things, you will attend a meeting of the host country, Great Britain. They will work to promote a high-quality data base so that financial markets can “take a proper account of environmental aspects”, the finance department announced.

Greater transparency also allows investors to make efficient decisions, fosters the innovative power of the financial sector and helps avoid greenwashing. Greenwashing is the term used to describe campaigns and PR campaigns by companies and institutions that attempt to present themselves as particularly environmentally conscious and environmentally friendly.

Climate-friendly financial investments are becoming more and more important around the world, the press release said. The Federal Council considers sustainability as “a great opportunity for the Swiss financial centre”.