Monaco 2050 (carbon neutrality target)

"Monaco 2050" is the shorthand commonly used in the Principality for the government's long-standing commitment to reach full carbon neutrality by the year 2050. The pledge was first made in 2017 by Prince Albert II and is aligned with the Intergovernmental Panel on Climate Change recommendations.

The interim milestone is a 55 % reduction in greenhouse-gas emissions by 2030 compared with 1990 levels. By 2022, Monaco had already cut its emissions by roughly 35 % against the 1990 baseline, with most of the work concentrated on three sectors: road transport, waste treatment and energy use in buildings.

The operational roadmap that delivers the 2050 target is the Climate Air Energy Plan, drawn up by the Department of the Environment and updated periodically. It combines regulation (banning oil-fired boilers in new buildings, electric-vehicle requirements), public investment (district heating from sea-water, photovoltaic equipment on public buildings) and incentives for residents and businesses through the Mission for Energy Transition.

In 2024, Monaco received the Gold certification of the European Energy Award, the highest tier of the scheme, for the quality of its climate and energy policies.