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US Inflation Reduction Act: A catalyst for climate action
The Inflation Reduction Act 2022 (IRA) – containing sweeping tax credits/incentives and grants/loan programs across multiple industries – is the most ambitious and comprehensive legislative action the United States has ever taken on addressing climate change. Funding for innovation and R&D could position the US as a leader in the low-carbon economy in the 2030s and beyond.
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Europe is closing ranks
Two years of a pandemic and more than six months of military attacks on Ukraine have changed Europe and Switzerland's view of Europe. The Swiss are taking another, albeit small, step toward the EU.
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Shifting concerns
The pandemic? Water under the bridge. The war in Ukraine? Terrible, not least because of possible supply disruptions. But people are most concerned about environmental pollution and retirement savings.
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The search for a new strategy
The war against Ukraine has shaken things up in many ways. Although the Soviet Union ended 30 years ago, we are now witnessing a renaissance of bloc thinking which ruled at the time. Switzerland must now decide whether to seek security within one of these blocs or in the fluid space between them.
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Dependency has made us vulnerable – Simonetta Sommaruga
Her top priority is ensuring a secure electricity supply. Federal Councillor Simonetta Sommaruga, head of the Federal Department of the Environment, Transport, Energy and Communications, shares her views on Switzerland's main worries. Interview: Manuel Rybach
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The future of sustainable investing
Climate change and human rights issues have driven a dramatic growth in sustainable investing over the last decade. In 2021, 36% of all assets globally were managed with some form of sustainable link, up from 22% in 20121. Investment levels need to rise further still in order to achieve long-term sustainability targets.
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Soil biodiversity: A hidden investment opportunity
Biodiversity – the essential natural support system for life on earth and the foundation of our economy – is a key topic for investors. But a focus on above-ground species and ecosystems overlooks the relevance and impact potential of soil-based biodiversity.
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2022 Credit Suisse Youth Barometer: The economic situation and war are leaving their mark – increasing need for security
While those surveyed two years ago were focused on the pandemic and sociopolitical issues, this year's results show a clear trend toward primary concerns and the associated increased need for security. A majority of the respondents in all countries polled want to support Ukraine with humanitarian aid.
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Youth Barometer 2022: War, peace, and geopolitics
For the first time in the history of the survey, a majority of young adults in Switzerland are no longer looking to their own future with confidence.
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Youth Barometer 2022: Is meritocracy a myth?
Regardless of where you come from, your skin color, your gender, or your social status: Those who put in enough effort and work hard get recognized and make it all the way to the top. This is the promise of our modern meritocratic society. Meritocracy, which originated during the Enlightenment, has been "trending" since the 1980s. The idea that financial and social status is no longer inherited but earned has had great social appeal for a long time.
