105 OES Annual Report 2015 | MONACO | Ocean energy policy
Annual Report 2015
Country Reports


HE Mr Bernard Fautrier Government of Monaco

On the instigation of H.S.H. Prince Albert II, the environment and subjects related to sustainable development are among the most important political priorities in the State of Monaco, on both a national and international level. The actions of the Princely Government take into account the topics of biodiversity, the management of resources and the reduction of greenhouse gases and also a specific policy towards the establishment of a sustainable city.

The Principality of Monaco joined the OES in June 2013. This action was part of the Government concerns for combating climate change and recognizing the relevance for international cooperation. Monaco is a coastal country with 2,02 km2 of area, bordered by the Mediterranean Sea, with a coast length of 3829 m. 

In Monaco, ocean energy projects have been demonstrated through the usage of sea water heat pumps to generate energy.



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.

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.

Within the framework of the Climate and Energy Plan, a dedicated funding instrument has 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. Then, 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.

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, the Association Monegasque pour la Protection de la Nature. 

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.

Monaco wishes to develop ocean energy. Currently, sea water heat pumps produce a significant share of the Principality’s energy needs.