Geneva to borrow CHF 1bn for renovation

Thursday, 17 November 2022 06:30

Geneva is debating on borrowing a billion francs to allow for the renovation of hundreds of buildings to cut their energy use.

It would be the highest ever amount the canton has borrowed.

The minister Serge dal Busco is proposing an energy transition bill which will run from 2023 to 2036.

The money will be sued to renovate 1,500 buildings across the canton, including aging apartment buildings, schools and hospitals.

The cash will also be used to install 40,000 m2 of solar panels on roofs and equip many premises with heat pumps.

More from Bitesize News

Geneva could foot the G7 bill

Geneva fears it will be left with the security bill from a G7 summit just across the border in Évian, according to 24 heures.
US NGO discovers Swiss child abuse cases

Switzerland relies too heavily on an American NGO to detect child sexual abuse online, raising questions about the country's ability to protect children on its own.
French singer banned by Paleo

The Paléo Festival in Nyon says it will no longer invite French singer Patrick Bruel, after a former volunteer accused him of inappropriate behaviour.
Cars going uninspected

The cantons are struggling to keep up with mandatory vehicle inspections, leaving more than 550,000 checks overdue nationwide.
War may lead to rent rises

Rents may rise again, says the bank Raiffeisen.
Not a heatwave, yet

Summer has arrived, with temperatures climbing past 30 over the long weekend. Basel reached 31 and Sion hit 32.4, but MeteoSwiss, says this does not yet count as an official heatwave.