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Presentation of the White Paper on the Principality’s Energy Transition

Address by H.S.H. the Prince
Energy Transition White Paper Presentation
YCM Thursday 23 March - 6.00pm
Mr Minister of State,

Mr President of the National Council,
Government Advisers and Ministers,
Ladies and Gentlemen,

I would firstly like to congratulate all those who have contributed to this Energy Transition White Paper, the Administration’s teams and all those individuals who have taken part in this initiative for discussion and dialogue.    

I have set our country ambitious objectives to reduce greenhouse gas emissions by 50% by 2030 compared to 1990 and for carbon neutrality by 2050, but these objectives meet the challenges posed by the effects of climate change.

In order to achieve these objectives, we must maintain a reduction rate 4 times faster than that achieved so far, as highlighted by Mrs Marie-Pierre Gramaglia.

To do this, major actions need to be undertaken in the three areas that produce most greenhouse gases in Monaco, each of which accounts for approximately 30% of emissions, namely mobility, waste treatment and energy consumption in buildings.

In order to achieve these reduction objectives, we must be exemplary in terms of energy conservation and the development of renewable energies.

And our entire Community must unreservedly, without preconceptions and with courage and determination embark on a path towards this Energy Transition.

To facilitate this mobilisation, I am calling for the creation of a National Pact on Energy Transition which involves all our country's stakeholders, the institutions, public authorities, private companies, all of civil society, Monegasques and residents.

To support our country towards decarbonisation, I have asked my Government to implement incentive measures, an appropriate regulatory framework and launch the first actions to be taken.

Thus, the thermal regulations for existing buildings must be changed to reduce energy losses and encourage the use of solar panels.

To expedite this development, a solar registry will be set up before this summer. This will enable owners and buildings management companies to identify the potential for installing solar panels on the roofs of their buildings.

At the same time, the ban on oil for heating needs to become more widespread.

Simple solutions will also be developed such as the systematic installation of intelligent and efficient lighting systems in buildings and outdoor spaces.

Alongside this decisive action, it is essential that we improve communication with our entire Community by creating a platform that contains all the information related to the energy transition, regulations, subsidies and environmentally-friendly actions.

New initiatives will also need to be defined, such as a car-free day or even, in an extension to the ban on plastic bags, the phasing out of plastic bottles in the Principality.

I am counting on the drive of our entrepreneurs to implement innovative solutions in terms of energy transition.  

On this issue, we need new inspiration from a new generation of start-ups.

In the process of developing renewable energies, the State will also invest in new resources outside the Principality.

In our country, a pioneer in seawater heat pumps, programmes will be launched such as the extension of the thalassothermal network of La Condamine and the creation of a new network at Larvotto, offering a new source of renewable energy for these neighbourhoods.

In the same innovative spirit, I have called for the construction of an exemplary and energy-positive public building.
This is just the beginning and other public and private operations will follow, whether through new constructions or the renovation of old buildings.

Of course, the actions for energy transition are not limited to the few examples I have just mentioned and my Government will undertake other initiatives. I am counting on all of you gathered here to fuel this process, support it and enhance it with your proposals.

The 2030 and 2050 deadlines may seem a long way off, but we must act now. 2030 is less than 15 years away and 2050 less than 40, so be assured of my determination that our society will gradually, but irreversibly move towards this energy transition.

All the decisions that we make today are effective in their immediacy and their beneficial long-term effects.

We are embarking on this path for our country, to meet the international commitments that we have made and to take part in the fight against climate change which every day jeopardises the future of our planet a little more.          

It extends our international action to combat global warming. For example, by supporting the IPCC, for which we hosted the framework meeting on the report on the oceans and cryosphere in December, or through the initiatives driven by my Foundation.

It complements our action in favour of the oceans, the development of marine protected areas, the preservation of biodiversity or the promotion of sustainable fishing. Our energy transition policy is therefore part of an overall approach which will soon see the Monaco Ocean Week, a set of events related to protecting the seas, especially in view of their essential role in our climate.    

The wide-ranging model change that we must make in order to protect the planet can only occur through a multitude of changes - some local, other planetary, some economic, other political, some individual, others collective and this is the purpose of our policy.

The energy transition policy that we are conducting in Monaco, together with the Government and the Principality’s stakeholders, is part of a broader vision.

This vision, of course, is to promote a carbon-free economy. But more generally, it is the objective of a new development model, capable of reconciling nature's requirements with humanity’s needs. 

In this sense, our energy transition policy is consistent with the efforts that we are making in the UN around the Sustainable Development Goals.

But we are also and above doing this for our children.

Yes, for them, Together, we are going to speed up the process of reducing our greenhouse gas emissions.

Together, we are going to build a more energy efficient society, a society that favours new energies, a more sustainable society.

Together, we are going to promote this new carbon-free society, free from fossil energies.

As Henry Ford once said: “Coming together is a beginning; keeping together is progress; working together is success.”

Thank you.


Presentation of the White Paper on the Principality’s Energy Transition