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This lecture by the instructor covers the Swiss climate policy, focusing on the rationale behind reducing Switzerland's GHG emissions despite their relatively low global impact. It delves into the economic aspects of GHG abatement, the benefits of reducing emissions early, and the potential for developing exportable climate solutions. The lecture also discusses the importance of international cooperation in achieving climate goals, highlighting successful agreements like the Montreal Protocol. It explores the concept of stewardship in managing emissions and emphasizes the role of technological and organizational know-how in supporting climate action. The history of Swiss climate policy, including the introduction of CO2 taxes and formal commitments, is also detailed, providing insights into the challenges and successes of the country's efforts.