The Principality’s efforts to reduce greenhouse gas emissions are paying off according to the UN’s 2024 National Inventory Report, which states that Monaco’s output has fallen by 34.5% since the 1990 reference baseline levels. These results are being pinned largely on reduced fossil fuel consumption and the transition to the use of biofuels and renewable energy sources.

The results of Monaco’s efforts to bring down the nation’s greenhouse gas emissions have been revealed in the UN’s 2024 National Inventory Report on Greenhouse Gas Emissions.

Based on data collected in 2022, the Principality has made “significant progress” in reducing overall emissions, resulting in a 34.5% decrease since the baseline year of 1990.

According to the report, this astounding drop has been made possible thanks to far-sighted policies that have led to less fuel consumption in the Principality’s transport and construction sectors, as well as an uptick in the use of biofuels.

Even bigger strides have been made in energy management. The study showed that 65.5% of energy consumed in Monaco in 2022 came from renewable sources—43% of that coming from hydropower—a share that continues to travel on an upward trajectory.

Furthermore, the report points to the success of the Monaco Government’s Environmental Department-led schemes that are aimed at creating nature-based solutions to help with climate resilience, as well as the national Low Carbon Strategy. This plan is intended to smooth the road to carbon neutrality by 2050 while taking into account current challenges posed by climate change issues.

Essentially, the report proves that Monaco’s commitments in reaching the goal of reducing GHG emissions by 55% by 2030 are working.

To read the full report, click here.

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