Companies' Energy Transition

Monaco: Financial Support for the Energy Transition of Companies

As part of the Extended Monaco program, the Prince’s Government is pursuing the digital transformation of its Administration by launching a new online process, intended for Monegasque companies wishing to benefit from financial support up to 70% in their energy transition projects.

Created in 2016, the National Green Fund, supported by the Energy Transition Mission, was endowed last September with an additional budget of 2.5 million euros to boost the local economy with the ambition of reducing energy carbon footprint and prepare companies for their energy transition.

The objective of this new approach is to support companies in the implementation of various projects in favor of the preservation of the environment. In order to benefit from state support, companies must carry out an assessment or project with a local partner in one of the following themes:

  • Control of energy costs, excluding building work
  • Waste management, travel or purchases
  • Reduction of greenhouse gas emissions from the products or services offered
  • Development of renewable energies
  • Fight against single-use plastic

« The health crisis we are going through is an opportunity for each of us to awaken our
ecological awareness. For companies, a mobilization focused on eco-responsibility can
offer a real advantage in terms of competitiveness. The recovery plan is a great opportunity for
accentuate this turn »

Annabelle Jaeger-Seydoux, Director of the Monaco Energy Transition Mission

« This approach is part of the Government’s desire to facilitate the daily life of individuals and
businesses, and access to various public services. It saves considerable time
for users, and more efficient and rapid management of requests »

Julien Dejanovic, Director of Digital Services

Any company registered with the Monegasque RCI can file a request on the site https://teleservice.gouv.mc/fonds-vert/. It must also be a signatory of the National Pact for the Energy Transition and have carried out a simplified carbon footprint with the Coach Carbone tool. Any additional information is available on the public service website or on the one of the Mission de la Transition Energetique.

Source: Communication Department of the Princely Government of the Principality of Monaco


Post Author: Wealth Monaco