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Article #283: Monaco Yacht Show Has Zero Carbon Footprint For 2007

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Despite being the second smallest country The leadership for the move to a greener
in the world Monaco has established State has come from Sovereign Prince
herself as the natural European home for Albert, who has been successfully
many of the world's wealthiest men and campaigning among world leaders since his
women due to her tax haven status, with inauguration two years ago to move the
many more visiting on holiday while environment up the political agenda, and
cruising the Mediterranean for the Monte it has brought the issue to the fore at
Carlo casino - and Monaco has managed to home.
stay as a top destination by cleverly Prince Albert of Monaco signed the
spotting and exploiting trends ahead of country up for the Kyoto Protocol shortly
her competitiors. after becoming Sovereign, and a few
And world class yachts and its industry months later left behind the comfort and
has blossomed over the last ten years, glamour of his palace and Casino Square
with multi millionaires and billionaires for the wilds of Antartica to see for
buying yachts in the tens of millions of himself the damage being caused to the
Euros price range - and when it comes to glaciers because of global warming.
some billionaires they seem intent on Upon his return he set up a foundation
buying a fleet that would put some small with his own money to study the impact of
countries navies to shame. rising sea levels, and since then has
The Monaco Yacht Show is part of the been active in the attempts to publicise
attraction for the super-rich, and has the need to cut CO2 emissions in the
firmly established itself as the leading industrialised world.
super yacht show in the world over the In recent months he has met both Prince
last fifteen years. For Monaco itself the Charles and President Chirac of France to
Yacht Show is second only to the Monaco discuss global warming. Although he spent
Grand Prix for visitor numbers. Combined some time in the US in his early years
with the Hotel de Paris and other Monte and speaks English fluently, he hasn't
Carlo hotels the principality has had to learn Italian and can converse
successfully secured her position as a with leaders the world over without the
natural environment for the wealthy to need for a translator.
live or visit. Close to the Fontvieille harbour where
Monaco is showing that cuts in carbon the yacht show takes place, a new island
emissions and other greenhouse gases are is to be built, and the bidders have been
possible in a land of plenty, and the told that a successful application must
Monaco Yacht Show has successfully be environmentally friendly, and some
achieved carbon neutral status for the proposals indicate that the island will
2005 and 2006 events, with plans to be a floating one to avoid any disruption
repeat this for 2007, establishing itself or damage to marine life.
on the map of Monaco as an With Monaco real estate the second
environmentally friendly event. highest priced in Europe after London,
To attain carbon neutral status last the new apartment buildings will be
year, the organisers sponsored various welcomed by the property sector as there
projects in Europe and further afield to is a very real shortage of property for
offset carbon emissions generated by the new residents, forcing prices even
show. higher. One bedroom apartments are
The show paid for wind turbines In New currently exchanging owners at over a
Zealand, generating enough electricity million Euros.
for 45,000 homes and in Brittany France The environmentally friendly island will
paid for a heath to be planted with also include new hotels in Monaco, a
chesnut and oak trees to protect water university and possibly a museum, with
catchments and provide a recreational the winning bidder due to be announced
area, while in the USA paid for a methane towards the end of the year in Monte
capture system, reducing the amounts Carlo.
being emitted by some 95 per cent.






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