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Article #301: Most Expensive Yachts Go Green For Monaco In 2007

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The harbours of Monaco are used to for 45,000 homes and in Brittany France
welcoming the world's wealthy, and the paid for a heath to be planted with
world's richest men and women will soon chesnut and oak trees to protect water
be visiting again for the superyacht catchments and provide a recreational
show, a unique annual event in the area, while in the USA paid for a methane
yachting calendar. While millionaires and capture system, reducing the amounts
billionaires sip champagne and ponder being emitted by some 95 per cent.
buying a yacht that would be beyond the Prince Albert of
reach of mere lottery winners, the Monaco The leadership for the move to a
organisers have successfully made past greener State has come from Sovereign
events carbon neutral. This year will be Prince Albert, who has been successfully
no exception as Monaco shows the rich campaigning among world leaders since his
they can be environmentally friendly. -- inauguration two years ago to move the
Designer yachts and its industry has environment up the political agenda, and
blossomed over the last ten years, with it has brought the issue to the fore at
multi millionaires and billionaires home. Prince Albert of Monaco signed the
buying yachts in the tens of millions of country up for the Kyoto Protocol shortly
Euros price range - and when it comes to after becoming Sovereign, and a few
some billionaires they seem intent on months later left behind the comfort and
buying a fleet that would put some small glamour of his palace and Casino Square
countries navies to shame. Despite being for the wilds of Antartica to see for
the second smallest country in the world himself the damage being caused to the
Monaco has established herself as the glaciers because of global warming. Upon
natural European home for many of the his return he set up a foundation with
world's wealthiest men and women due to his own money to study the impact of
her tax haven status, with many more rising sea levels, and since then has
visiting on holiday while cruising the been active in the attempts to publicise
Mediterranean for the Monte Carlo casino the need to cut CO2 emissions in the
- and Monaco has managed to stay as a top industrialised world. In recent months he
destination by cleverly spotting and has met both Prince Charles and President
exploiting trends ahead of her Chirac of France to discuss global
competitiors. The Monaco Yacht Show is warming. Although he spent some time in
part of the attraction for the the US in his early years and speaks
super-rich, and has firmly established English fluently, he hasn't had to learn
itself as the leading super yacht show in French and can converse with leaders the
the world over the last fifteen years. world over without the need for a
For Monaco itself the Yacht Show is translator. Close to the Fontvieille
second only to the Monaco F1 for visitor harbour where the yacht show takes place,
numbers. Combined with the Hotel de Paris a new island is to be built, and the
and other Monaco hotels the principality bidders have been told that a successful
has successfully secured her position as application must be environmentally
a natural environment for the wealthy to friendly, and some proposals indicate
live or visit. Monaco is showing that that the island will be a floating one to
cuts in carbon emissions and other avoid any disruption or damage to marine
greenhouse gases are possible in a land life. With real estate in Monte Carlo the
of plenty, and the Monaco Yacht Show has highest priced in Europe, the new
successfully achieved carbon neutral apartment buildings will be welcomed by
status for the 2005 and 2006 events, with the property sector as there is a very
plans to repeat this for 2007, real shortage of property for new
establishing itself on the Monaco map as residents, forcing prices even higher.
an environmentally friendly event. To One bedroom apartments are currently
attain carbon neutral status last year, exchanging owners at over a million
the organisers sponsored various projects Euros. The environmentally friendly
in Europe and further afield to offset island will also include new Monaco
carbon emissions generated by the show. hotels, a university and possibly a
The show paid for wind turbines In New museum, with the winning bidder due to be
Zealand, generating enough electricity announced towards the end of the year.






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