Energy Transition in Monaco

The Principality of Monaco is committed to reducing its greenhouse gas emissions by 50% by 2030 in comparison with 1990.

To achieve this aim and set the Principality on the route to carbon neutrality by the 2050 deadline, the national action plan focuses mainly on the three sectors that emit the most greenhouse gas, namely road transport, waste treatment and energy use in buildings. These account for approximately 90% of the country's emissions.

This energy transition requires all of us to act responsibly to protect our environment, while improving our quality of life and safeguarding our health. This means that we will have to adopt new habits - using clean energy and being more restrained in our modes of consumption.

In addition to this approach, H.S.H. the Sovereign Prince has decided to create the  Energy Transition Mission to manage projects to limit greenhouse gas emissions and develop renewable energies. 

This Mission manages the National Green Fund, in order to carry out practical, large-scale projects, in line with the objectives set. 

It reflects the determined commitment of the State, which therefore also becomes everyone's commitment, without hindering the economic development of our country, but, on the contrary, developing new opportunities.

To achieve this, we must be imaginative, creative and free from preconceived ideas, to enable our country to become a more responsible society that is more restrained in energy consumption; a society that is based on renewable energies;  a society that is totally committed to decarbonisation.

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The National Green Fund was created in early 2016. It is funded by part of the State's budgetary surplus and a contribution from electricity consumption. The aim of this funding is to provide the Principality with the financial means for long-term action to achieve its energy transition.

The White Paper on Energy Transition is the first stage in involving the Monegasque community. This aim of this approach is to collect and bring together the views, actions and expectations of key players in Monaco in order to define the shared roadmap that will lead us towards 2050.

Between August and December 2016, 59 organisations and almost 90 people were interviewed. In January 2017, five collective workshops were organised by sector of activity with the aim of reaching a shared diagnosis, identifying levers and prioritising the actions to be taken. The issues and lines of action identified by the participants are presented in the White Paper on Energy Transition document published on 23 March 2017.