MONACO

SUPPORTING POLICIES FOR OCEAN ENERGY 

NATIONAL STRATEGY
The Government pursues a decisive sustainable development policy aimed at achieving full compliance with the Principality’s undertakings, in particular with the Kyoto Protocol. This intention is expressed through local initiatives on the Monegasque territory and through cooperation work in developing countries.

In line with the provisions of the Kyoto Protocol, Monaco has set itself the target of improving energy efficiency by 20% and achieving 20% of final energy consumption from renewable sources by 2020. To this end, the deployment of the Climate and Energy Plan includes technical, regulatory, financial and awareness-raising campaigns.

Carbon neutral by 2050
During his participation at the 21st United Nations Conference on Climate Change in 2015 in Paris, H.S.H. Prince Albert II of Monaco reaffirmed directions for the Principality. Monaco will take part in efforts to stabilise the global warming of the planet by reducing its greenhouse gas emissions by 30% in 2020, 50% in 2030 and to achieve carbon neutrality in 2050 with respect to the reference date of 1990.

In addition, the Princely Government funds projects in several developing countries, forming part of the Clean Development Mechanisms (CDMs) laid down by the Kyoto Protocol.

PUBLIC FUNDING PROGRAMMES
Within the framework of the Climate and Energy Plan and the COP21 agreement, two dedicated funding instruments have been created:

• The Energy-Sustainable Development Fund. The money is generated through the sale of electricity and creates funds for the promotion of renewable energies and other sustainable development objectives.
   
• The National Green Fund
  The Government holds 100% of the shares in this venture capital firm, known as “Société d’Aide à la Création et au Développement d’Entreprise” (SACDE), the aim of which is to support innovative Monegasque companies. Those with innovative projects (under development) can contact the Government, which studies opportunities for financial support - contributing to the share capital of the entity to be created in the Principality, additional loans, etc.

MARINE SPATIAL PLANNING POLICY
In Monaco there are:

• 2 Marine Protected Areas
• 3 Restricted Areas
• 7 Areas of ecological interests

It is implemented by the technical departments as the department of maritime affairs and the department of the environment, the marine police and one NGO: Association Monegasque pour la Protection de la Nature that will be in charge of the production and management control plan.

PERMITTING AND LICENCING PROCESS FOR OCEAN ENERGY PROJECTS
A proposal has to be sent to the Ministry of Public Works, the Environment and Urban Planning, then if the project is of interest for the Principality of Monaco, a technical committee will be set up to analyze and implement the project.