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.


Transition Monaco Forum Mobilizes Global Community and Underscores Urgency of Accelerating the Environmental Transition


Next edition slated for June 2019

Paris, 2 July 2018—The inaugural Transition Monaco Forum, an action-oriented global platform dedicated to accelerating and accompanying the ecological and energy transition, concluded on June 27th with a clear message: we must act today to move toward a zero-carbon economy and preserve our planet for future generations.

“The environmental transition is now, and we are at a particularly important moment in history—we are in a battle against global warming which we cannot afford to lose,” said Lionel le Maux, President of Aqua Asset Management and Co-founder of Transition Monaco Forum. “We’ve succeeded in forming a community of key stakeholders from diverse industries, sectors and countries dedicated to accelerating the environmental transition. The ultimate success of this Forum will depend on the concrete actions that evolve — in financing, new products, and new technologies — from the dialogue and collaborations initiated at this Forum. We invite everyone to come back to Monaco in June 2019 and report back on their progress over the coming year.”

Nearly 500 participants and over 100 speakers from 43 countries — including government and business leaders, investors, entrepreneurs, top experts, and members of civil society — gathered on June 26 and 27 in Monaco to debate the theme “reinventing business models” to combine economic viability and sustainability.

Highlights from the Transition Monaco Forum:

  • H.S.H. the Sovereign Prince Albert II, Princeof Monaco and Chair of the International Olympic Committee (IOC) Sustainability and Legacy Commission and Anne Hidalgo, Mayor of Paris and C40 Cities Chair, announced a unique global partnership between the IOC and C40 to organize sustainable Olympic Games. 

  • Richard Attias, Executive Chairman of Richard Attias & Associates, which organized the Forum, committed to making events organized by his company more sustainable:“We commit to reinforcing practical and technical solutions to reduce the ecological footprint of our events. In addition, we have decided to compensate financially the carbon emissions in partnership with the Prince Albert II of Monaco Foundation,” said Attias. 

  • Speakers agreed that educating future generations is critical. 3.8 billion people around the world are below the age of 35. We need to show them positive examples of solutions that work and empower them to take ownership of their future.“We must inspire children to make lasting change,” said Gunter Pauli, businessman and renowned author of the Blue Economy. “We need to work with what the Earth is already producing—we cannot expect the Earth to produce more,” he added.

  • FINANCING is one of the biggest roadblocks to scaling innovation. But, investors and top experts agreed that investing in the green economy is profitable.Alzbeta Klein, Director and Global Head of Climate Business for IFC, the third largest issuer of green bonds in the world, said: “Green is profitable. Every year, the world invests $300 billion in renewable energies, because there are proven returns.”
    “Companies with a lower carbon footprint are generating better returns and that is the most interesting for our investors,” said Pedro Antonio Arias, Global Head of Real and Alternative Assets at Amundi Asset Management.

  • In discussing new stakeholder behaviors, panelists agreed that the private sector has a vital role to play in leading a successful transition, because the cost to adapt to climate change cannot be covered by governments alone. More than ever, we need a multi-stakeholder approach and innovative local and global collaboration between large companies, small companies, regulators and investors to speed up the transition to a clean future.

  • While discussingREGULATIONS and how to incentivize businesses to “go clean”, delegates agreed that policies need to enable the transition rather than inhibit it. “When we talk about the clean energy transition we are talking about an overhaul of the energy system to a decentralized system that relies on individuals,” said Rob van Reit, Director of Climate and Energy, World Future Council.

  • INNOVATION is at the heart of the transition, and the Forum highlighted a number of innovative and sustainable initiatives, many coming from small companies— from the solar kiosks in Africa, to plastic-waste and hydrogen-powered vessels, to disruptive agricultural technologies and sustainable engineering solutions.  
    • Technical and innovative solutions exist—the problem is how to finance them. The financial needs are huge, and that is one of the biggest problems of developing countries,” said Bernard Fautrier, Vice President of the Prince Albert II of Monaco Foundation.
    • While Olivier Biancarelli, CEO of Tractebel-Engie, reminded participants that: “Innovation is great and necessary, but with the urgency of the situation we are facing with climate change, we have to act and react right now. Solutions exist. We do not have to wait for the next great innovation.”  
  • With 75% of humanity predicted to live in cities by 2050,Cities and Territorieshave a crucial role to play in the clean economy and are taking local level action without waiting for national initiatives. Panelists from both private and public sectors were asked to propose ideas to scale up innovative solutions which address the social, economic and environmental challenges deriving from fast-paced urbanization. Referring to successful initiatives in Africa, France, Israel, the US and around the world, their key recommendations included:
    • More multi-lateral partnerships between the key stakeholders in the ecosystem: between the public and private sector, between small, medium and large companies, and between regions, companies and experts;
    • Engaging and empowering people in local communities, particularly women and younger generations;
    • Increased financing for small and medium-sized companies with proven, sustainable and profitable business models; and
  • Integrated planning and the need to modify legal frameworks in order to increase efficiency of innovative projects.

Eight sector-specific workshops challenged delegates to identify viable ways for businesses and industries to collaborate and transform their business models in the face of climate change, a growing population and depletion of resources. Some of the key outcomes included:

  • Water workshop participants suggested blended finance collaborations and concluded that standardization is needed to be able to classify assets, projects and companies within a globally-recognized set of criteria. Impact Measurement is also key to allow the comparison of investments against each other.
  • On Mobility and Supply Chain, delegates agreed that companies must tackle the environmental impact across their operations, products and services and their entire value chain. They identified game-changing opportunities for impact finance and patient capital to enable environmental efficiency and social impact at scale in sectors like mining and proposed that new technologies such as blockchain can recreate trust and ensure traceability.

  • Textiles and Circular Economy workshop participants examined the role cities can play in activating circular behavior with fashion consumers. They recommended introducing pilot programs in cities and providing regulatory and financial incentives.
  • Plastic vs. Ocean workshop participants discussed new business models that could significantly reduce plastic pollution from coastal cities to the ocean. Their key recommendations included the need to have shared governance involving public actors, mobilizing big brands to help, combining public and private finance, and developing a “prime mover” pilot project to increase the competition between territories on this issue.  

  • Key takeaways from the Waste workshop, which focused on anaerobic digestion as a sustainable solution that turns organic waste into resources, included: the need to increase the valorization of waste through regulation, financial incentives, and promoting the positive effects of projects, such as job creation, energy access and transition, and food security.

Transition Monaco Forum thanks the following partners for their support: Amundi, Aqua Asset Management, Aurum Monaco, Engie, Evergaz, EY, Famae, Gold Truffle Engineering, The Mission for Energy Transition (Principality of Monaco), Monacotech, Optivadarna, SLB Group, and SMEG.

Media partners included: African Business, Challenges, CleanTechnica, Connect4Climate, Forbes, France Médias Monde, Hub Culture, the New York Times and Spark News.

Watch the Forum videos onYou Tube.

For more information about Transition Monaco Forum, visit our website and follow us on TwitterandLinkedIN