The Government of Monaco and the Prince Albert II of Monaco Foundation have just signed a partnership agreement in order to offset the ecological impact of the Ministry of External Relation’s international travel.
The Ministry of External Relations has decided to compensate for the greenhouse gas emissions generated by staff trips and the running of the Office of International Cooperation, by using the Prince Albert II of Monaco Foundation’s voluntary carbon-offset scheme, “Monaco Carbon Offsetting”.
In order to do this, a carbon offset agreement has just been signed for the four-year period from 2009 to 2012.
Although voluntary offset operations for air travel and certain events had already been undertaken between the Administration and the Prince Albert II Foundation, the only offset provider in the Principality, this is the first agreement providing a framework for this type of initiative.
Consequently, the Prince Albert II Foundation will assess the greenhouse gas emissions generated by the trips made by government officials within the Ministry of External Relations (air and land travel) and will offer to offset them through the purchase of carbon credit obtained via emission reduction projects.
The projects selected will meet quality criteria defined jointly by the Foundation and the Office of International Cooperation, such as the CDM (Clean Development Mechanism – an arrangement to control emission reductions under the Kyoto Protocol and the United Nations). The projects will be located in the developing countries.
For the record, in 2010, the Ministry of External Relations and its three Offices registered over 200 flights, representing a distance of over one million kilometres, chiefly for the implementation of the development cooperation policy.
To find out more:
Office of International Cooperation (+3126.96.36.199.89)
Prince Albert II de Monaco Foundation (+377 98 98 44 44)