Swiss voters Sunday overwhelmingly rejected an initiative that would have scrapped the Alpine country’s value-added-tax system and replaced it with a carbon tax. Roughly 92% of voters opposed the initiative while 8% supported the measure. The initiative would have encouraged Swiss households to use renewable energy sources, including solar and wind, which would have been exempt from taxes. The initiative, which was introduced by the Green Liberal Party of Switzerland, was designed to help lower carbon emissions and reduce global warming. --Neil Maclucas, The Wall Street Journal, 8 March 2015
