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Audit Supervision of the technology fund - Federal Office for the Environment

Audit number: 16367

The technology fund has officially been operating since 2015. The fund is used by the Federal Office for the Environment (FOEN) to promote innovative technologies that reduce greenhouse gas emissions or the consumption of resources, support the use of renewable energies and increase energy efficiency. To achieve this objective, the FOEN uses the fund to grant loans to companies which develop and market innovative products and processes to reduce greenhouse gas emissions. The assets of the fund are taken from the revenue from the CO2 tax. By 2020, approximately CHF 200 million will have been transferred to the fund's capital. These funds are used to cover guarantee losses and to finance administrative costs.