Monaco: a global pioneer of the clean economy

The Transition – Monaco Forum will take place from 26-27 June 2018 at the Grimaldi Forum in Monte Carlo. Monaco.

Monaco is at the heart of the clean tech innovation. Today, 64 seawater heat pumps produce 17% of the total energy consumed in the Principality.
The Principality is committed to its 2020 Energy Climate Plan, aiming to reduce GhG emissions and developing the adequate infrastructure to support renewable energy production.

The Grimaldi Forum Monaco is lying across the seafront of Monaco’s eastern “Larvotto” beach quarter, right next to Monaco’s beautiful Japanese Garden.

Données cartographiques
Données cartographiques ©2018 Google
Données cartographiquesDonnées cartographiques ©2018 Google
Données cartographiques ©2018 Google

Getting There

Address: Grimaldi Forum 10, Avenue Princesse Grace MC 98000 Monaco

Telephone: +377 99 99 20 00

Grimaldi Forum Website

Grimaldi Forum on the Map

By Train

The Monaco’s Rail Station is a 15 minute walk from the Grimaldi Forum Monaco & 10 minutes by Bus – Line #4.

By Air

The Grimaldi Forum Monaco is 25 km from the International Airport Nice Côte d’Azur. Among major international direct flights are:

  • Paris - Nice: 1h30
  • Rome - Nice: 1h20
  • London - Nice: 2h00
  • Frankfurt - Nice: 1h40
  • New York - Nice: 7h15
  • Dubai - Nice: 7h45
  • Moscow - Nice: 4h

Monaco is 30 minutes from the Nice Airport by road via the Autoroute A8 Highway, & 7 minutes by helicopter shuttle with departures every 30 minutes.

By Car

Take the A8 Highway, exit "Monaco".
From Nice Côte d’Azur International Airport, it takes approximately 30 minutes using the expressway to reach Monaco.


Parking is located at the Grimaldi Forum Monaco, Avenue Princesse Grace.

Approximately 100 meters from the Grimaldi Forum Monaco, there are 3 designated parking lots: Parking Larvotto & Parking Louis II, Boulevard Louis II.

However, it is recommended that you carpool when coming to the Grimaldi Forum:

By Bus

If you wish to take the bus from Nice Côte d’Azur International Airport to Monaco:

Bus Schedule

By Helicopter

If you wish to get to Monaco by helicopter from Nice Côte d'Azur International Airport.

Approximate cost: 130€

Helicopter booking


We have selected a number of conveniently located hotels where you may choose to stay. These hotels will be offering special rates to Forum attendees.
We strongly recommend that you stay at one of the listed hotels as they are located very close to the Grimaldi Forum.

List of official hotels:

The deadline to reserve your room is 26 May 2018.



Fairmont Monte Carlo

12, avenue des Spelugues - Monte Carlo, MC 98000

Meridien Beach Plaza

22 Avenue Princesse Grace - Monte Carlo, MC 98000

Novotel Monte Carlo**

16 Boulevard Princesse Charlotte - Monte Carlo, MC 98 000

Hermitage Monte Carlo

Square Beaumarchais - Monte Carlo, MC 98000

To benefit special rate, you must first formally register to attend the Forum.

Our logistics team will share more information about booking a room upon your registration

You can register through the formal invitation you received by email from

If you did not receive a copy, you can request an invite online at

Information related to Monaco


Various mobile operators offer international roaming agreements and good coverage in Monaco. Hotels will include access to a landline. However, local and international calls can be more expensive than calls placed on a cellular line.

We recommend checking with your mobile carrier before arrival to determine whether your coverage zone includes travel within France and Monaco.

Currency and Exchange Rates

The Principality of Monaco uses the Euro, abbreviated as €.


Monaco has warm Mediterranean, dry summers. Cool and rainy interludes can interrupt the dry summer season, the average length of which is also shorter.

Generally, temperatures do not drop below 20 °C (68 °F) in this season.


Monaco time during the summer is two hours ahead of GMT/UTC.

Electronic Devices

The Principality currently provides electricity at 220 volts AC. European type of plugs are used.


Q&A with Graciela Chichilnisky


Economist, lead architect of the carbon market of the Kyoto Protocol, lead author of the Nobel Prize-winning Intergovernmental Protocol on Climate Change (IPCC)

Member of Transition Monaco Forum Advisory Board

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Graciela, among your many significant achievements, you created and wrote the Kyoto Protocol Carbon Market. What has been the impact of the Kyoto Protocol in the fight against climate change?

The impact of the carbon market of the Kyoto Protocol (EU ETS in Bonn), which I created and wrote — and that became international law in 2005 — can be measured from a few important World Bank statistics: by 2012 the EU emissions trading system (ETS) was trading $175 bn/year; the EU ETS has reduced CO2 emissions by 30% in the nations trading in the EU ETS, which are the OECD nations minus the USA; the EU ETS Carbon market has transferred in very few years to low income nations and for green projects, over $100 bn through the Clean Development Mechanism of the Kyoto Protocol. This is just since 2005.

There are now similar carbon markets in China — a national market affecting 1.3 billion Chinese people; there are carbon markets in the USA (in California and in other Eastern US states); and, of course, the EU ETS in the EU and a number of other local markets. The effect of the carbon market is profound, and it reaches over 3 billion people across the globe.

The 2015 UN Paris Agreement has no national CO2 emissions limits, thus weakening the effect of the UN carbon market globally, which is based on national limits to emit. I hope that this international situation changes soon.

Your company, Global Thermostat, created a revolutionary “Carbon Negative Technology”. How does this technology work?

Global Thermostat technology removes CO2 directly from ambient air or from the chimneys of power plants and industrial sources. It is very low cost because it requires little electricity, using mostly low temperature heat to power it, and it requires no transportation. We use a proprietary sorbent that has a natural affinity to CO2 to capture the CO2 within monoliths that offer the best low-cost absorption technology. Then, we separate the CO2 by using low temperature heat, producing 98.5% pure CO2 at record low costs. In turn, the CO2 can be sold profitably for desalinating water, producing biodegradable plastics and carbon fibers, beverages and food, bio fertilizers, and building materials, among other things.

I coinvented the technology with my co-founder at Global Thermostat, Peter Eisenberger, and obtained over 50 patents that are valid in 147 nations. We are now commercializing our carbon removal technology producing CO2 that is used and stored as needed for carbonated beverages and for materials.

How optimistic are you about the future of our planet?

I am optimistic about our ability to reverse and overcome climate change — indeed, this is what our company Global Thermostat was created to do, what it can do, and is already starting to do. On that side I am optimistic. However, I am not so optimistic about the timing: we are running out of time for solutions, since we have emitted too much CO2 and are near a “point of no return” in the atmosphere.

Humans can be slow to respond and adapt to change and very slow to adopt new technologies, and economics, as a discipline, is slow to adopt new technologies and to respond to new threats. We have the tools, but we may not have the time or the social organization needed to deploy them. It is very close. Indeed, it is now a “touch and go” situation.

To view a short film about Global Thermostat entitled “Carbon Negative”, produced by John Stember and Paul Atkins, an Emmy Award-winning filmmaker for National Geographic, CLICK HERE.