Annabelle Jaeger-Seydoux

The Mission for the Energy Transition in Monaco

The Principality is committed to halving its greenhouse gas (GHG) emissions by 2030 compared to 1990 to reach carbon neutrality by 2050.

To achieve this target, the Prince’s Government is relentlessly accelerating its energy transition. Annabelle Jaeger-Seydoux, Director of the Energy Transition Mission takes stock of the actions carried out in the Principality.

“Putting the global economy on hold has resulted in a significant reduction in greenhouse gas emissions. The International Energy Agency (IEA) estimates that they will be 8% lower than those seen in 2019 – the biggest drop since World War II! If despite this we are collectively far from the trajectory of the Paris Agreements, the pandemic gives us a unique opportunity to rethink our lifestyles and our dependence on carbon.

“In the same way that the Covid will have led to the fall in global energy demand, it will also have had the effect of accelerating the implementation of measures such as the dematerialization of procedures or teleworking, or of modifying mobility habits, by favoring ecological vehicles or by making greater use of soft mobility, with cycling or walking for example.

“Yes, let us remember that from all of this, there is a collective desire to move even faster in favor of the energy and environmental transition! The Prince’s Government is more determined than ever in its policy in favor of electromobility or in the deployment of a network of electric vehicle charging stations, in its program for the renovation of public buildings or its support for the private fleet.

“As part of the Principality’s Economic Recovery Plan, of which the energy transition is one of the main levers, the Government recently proposed dedicated environmental measures, called « Green Fund ».

“As a reminder, the National Green Fund, created in 2016, aims to give Monaco the financial means for long-term action to succeed in its energy transition. As part of this Recovery Plan, an additional 25 million euros is added to the Fund to support businesses and individuals in their transition.

“In this perspective, 4 aids, presented in detail on the website of the Energy Transition Mission, reinforce the existing systems on energy audits or photovoltaic installations, and make it possible to support:

“We see every day that the dynamic is strengthening with, in particular, many actions in the field and new signatures of the National Pact for Energy Transition, a progress approach offered to individuals and companies in favor of energy transition.

“We will only meet the Principality’s ambitious objectives in terms of reducing our greenhouse gas emissions (-50% in 2030 and carbon neutrality in 2050) with the support of the entire Monegasque community”.

The National Pact now brings together 130 Monegasque entities and 1300 individuals. A Pact for associations, companies and institutions, but also for each resident who wishes to make an individual commitment to reduce their impact. The MTE has set up a carbon coach which focuses on 3 areas of progress: mobility, waste and energy, and which everyone is invited to join.

Article: Annabelle Jaeger-Seydoux

Post Author: Wealth Monaco