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The National Green Fund

The National Green Fund was created in early 2016. It is funded by a portion of the State’s budget surplus and by a tax on electricity consumption. The aim of this fund is to provide the Principality with the financial means to take long-term action to secure a successful energy transition. 

Solar pannels on the roof of the Monaco's vocational and catering school

 

Since the purpose of the National Green Fund is to finance a relatively wide range of projects, the Principality was keen to set up a specific monitoring system which would guarantee efficient use of public money allocated to the energy transition. With this in mind, all expenditure or investment grants financed by the National Green Fund are subject to a dedicated carbon report. Expenditure is assessed ex ante on the basis of the intended reduction in greenhouse gas emissions and/or energy consumption. An ex-post assessment of the results achieved is then carried out.

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Mission for Energy Transition

18 Allée Lazare Sauvaigo
98000 MONACO

Phone Number : (+377) 98 98 47 59
http://energy-transition.gouv.mc/The-energy-transition-in-brief/The-National-Green-Fund