The Principality of Monaco has committed to reducing its greenhouse gas emissions by 55% by 2030, to achieve carbon neutrality by 2050. In this respect, the Mission for Energy Transition has set up a national action plan. The latter has been translated over time into the implementation of incentive measures, which we have recently presented to you, together with mandatory rules, particularly in the real estate sector, which currently represents about 35% of GHG emissions.

The Principality of Monaco has committed to reducing its greenhouse gas (“GHG”) emissions by 55% by 2030, compared with 1990 levels, to achieve carbon neutrality by 2050. In this respect, the Mission for Energy Transition ("MET"), created to manage projects to limit these GHG emissions and develop renewable energy, has set up a national action plan, financed by the Green Fund, with a €25 million budget.

For some years, the Principality of Monaco has turned to digital technologies, which have become a priority in the transformation of its economy. The digital transition represents a growth lever for all companies established on its territory.

As it does every year, the Monegasque Institute of Statistics and Economic Studies (IMSEE) publishes figures relating to real estate transactions, and more specifically those concerning the private residential sector and its ten-year evolution.

On January 1st, 2021, the United Kingdom of Great Britain and Northern Ireland officially left the European Union. The Brexit then led to the abandonment of EU law and especially the free movement area for British nationals inside the Schengen space.

As a result of its commitment to protecting the environment and constantly improving its quality of life, the Principality of Monaco is pursuing its policy regarding soft mobility and will create an underground gallery called "Galerie des Salines", which is scheduled for completion in the first half of 2023.