As part of the Extended Monaco program, the Prince’s Government is pursuing digital transformation by launching a new online process, aimed at Monegasque companies wishing to benefit from financial support up to 70 percent of the cost of 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 revive the local economy with the ambition of reducing energy consumption.

The objective of this new approach is to support companies in the implementation of various projects in favour of the preservation of the environment. In order to benefit from state support, companies must carry out an assessment 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, an initiative focused on eco-responsibility can offer a real advantage in terms of competitiveness. The recovery plan is a great opportunity to accentuate this shift,” said Annabelle Jaeger-Seydoux, Director of the Energy Transition Mission.

Any company registered with the RCI Monaco can file a request at For further information:

ORIGINAL SOURCE: Monaco Government Press Service

FILE PHOTO: Annabelle Jaeger-Seydoux, Director of the Energy Transition Mission