Brought to you by: Monaco Life
On Friday, January 19, Marie-Pierre Gramaglia, Minister of Public Works, the Environment and Urban Development, presented to the press the National Pact for the energy transition of the Principality.
Consisting of a simple charter and sectoral action plans, the National Pact, which will be sent by post next week to all residents and commerce, allows everyone to commit contribute, in their own way, to Monaco’s energy transition.
The pact – “Je m’engage” – has been signed by Prince Albert, all ministers and the president of the Conseil National. The objectives are clear: to reduce emissions of greenhouse gas, to limit energy use and to increase the local production of renewable energy in three main categories – transportation, waste and energy.
An online carbon calculator especially adapted for Monaco will enable households to measure their own emissions.
The National Pact stems directly from the Paris Agreement and represents a new and practical measure by the Prince’s Government for energy transition, following the publication of the Energy Transition White Paper (March 2017), the launch of the Principality’s solar cadastre (June 2017) and the creation of a joint Government/SMEG company allowing for the purchase of electric power plants using renewable energies (June 2017).
The pact, with its habit changing initiatives, is part of the government’s ambitious 50 percent reduction of greenhouse gas emissions by 2030 and to reach carbon neutrality by 2050. Minister Gramaglia told Monaco Life, “Everything we are doing – in terms of environmental protection and alternative means of transport – must be multiplied by four in order to satisfy this commitment.”
More information in English and French: transition-energetique.gouv.mc.
Italy has seen an influx of high-net-worth individuals (HNWIs) from around the globe, keen to take advantage of a recently introduced tax policy providing income tax relief.
The Princess Grace Hospital has unveiled its new €8.2 million Nuclear Medicine Department, housing the latest equipment to treat a wider number of pathologies faster and earlier.
Prince Albert II is among 64 world leaders who have promised to put the environment at the top of the post-Covid economic recovery list, joining the Leaders Pledge for Nature.
Faced with a “significant drop” in mammograms this year, Pink Ribbon Monaco is embarking on a new awareness campaign to coincide with Breast Cancer Awareness Month.
Since the auction’s first edition in 2005, and under the High Patronage of HSH Prince Albert, Only Watch has raised over €34 million and has financed numerous scientific and medical research programmes. Prince Albert, who was at the event, thanked the “bidders, watchmakers, partners, participants: from the bottom of our hearts, thank you so much” and said, “With money raised together with Only Watch in the past decade, we have changed the face of research on this matter. […] We are getting closer to changing the lives of millions of boys around the world.” Luc Pettavino commented, “We have won many battles together. The battle of altruism and empathy in amongst all of us: brands, partners, donors. The battle of beauty and research of excellence. The battle of awareness for research on Duchenne muscular Dystrophy with the largest media buzz ever. Now, let's continue pushing hard, as we do need to win the battle to cure this disease.” In Geneva on Saturday, all watches did well, but some did a bit better than others. The Patek Philippe 5208T-010 ended up being the topic of a bidding war between two Asian bidders and was eventually sold for €5,335,326 (CHF 6,200,000), nearly six times its high estimate. This timepiece combines an instantaneous perpetual calendar, with a chronograph and a minute repeater and its case is crafted from titanium, which is a material very rarely used by Patek Philippe, making the watch all the more rare.
Tudor set a world record for most the most expensive watch of this brand ever sold at auction, as its unique Black Bay Bronze sold for €301,200 (CHF 350,000), while the watch had a high estimate of only €4,732 (CHF 5,500). With this, it takes the place of the former record holder, which was auctioned at the 2015 edition of ONLY WATCH. Against a high estimate of €34,4214 (CHF 400,000), the FP Journe Chronographe Monopoussoir Rattrapante Bleu sold very well, reaching a final bid of €989,616 (CHF 1,150,000). Especially developed for the ONLY WATCH auction, this watch features a new monopusher rattrapante chronograph calibre, fitted in a 44mm tantalum case, and topped off with a stunning blue chrome dial. The unique Hublot Big Bang UNICO Sapphire Usain Bolt, also nearly doubled its high estimate and was sold for €129,080 (CHF 150,000). The proud new owner will not only receive this very special sapphire-encased Big Bang, but will also meet the world’s fastest man, Usain Bolt himself, as part of making the winning bid. John Reardon, International Head of Christie’s Watch Department, stated, “As the auction partner for Only Watch 2017 it has been a pleasure and honour to be part of this important initiative. The final result has reached beyond our expectations and we congratulate Luc Pettavino and the entire Only Watch family for such a success and like to express our thanks to all the partners who have supported Only Watch.” All lots combined brought in two and a half times more than the highest estimates. Even better is that the cost of the auction is only one percent, making 99 percent of the total amount available for the Association Monégasque contre les Myopathies to find a cure for Duchenne Muscular Dystrophy. Prince Albert also commented before the auction, “We might not all be researchers but I think we all have collectively the power to change things for generations to come.” It is through this goodwill that Paul Pettavino’s name will live on.