[caption id="attachment_29355" align="alignnone" width="640"] Mungo Park, Chairman of Innovator Capital, presents Prince Albert with a special 2018 CleanEquity Monaco Award, designed by American conceptual artist Darren Bader.. Photo: CleanEquity Monaco[/caption]
Prince Albert revealed the new Award for Sustainability with the Nobel Sustainability Trust and a Global Green Investment Bank, at the CleanEquity Monaco conference last Friday at the Fairmont Monte Carlo.
Referring to CleanEquity Monaco, which he co-founded with Mungo Park, Chairman of Innovator Capital, in 2007, the Sovereign Prince said he was proud that “the conference has become an important part of the sustainability landscape. Over the years, some 300 companies have presented their plans to over 1600 attendees.
“These companies have gone on to raise nearly $2 billion, friendships have been forged, and greater strides have been made towards a cleaner, safer and more sustainable future.”
The Prince then announced “a new initiative that has origins in the multidisciplinary nature of CleanEquity Monaco, the creation of a new Global Award for Sustainability and a Global Green Investment Bank.”
As HSH stated, the Nobel Prizes continue to be recognised as some of the world’s greatest accolades. “Sustainability was a key concept for the three Nobel brothers Alfred, Ludwig and Robert. It has now become a vital part of our modern lives; but the concept was not included in Alfred’s will. So, because the Nobel Foundation cannot add to its portfolio of prizes, four Nobel family members, in agreement with the Foundation, formed the Nobel Sustainability Trust to promote sustainability in modern life.
"The trust’s mission is to sustain quality of life in the face of threats – pollution, climate change – and to create the Award for Sustainability.”
Monaco will host the Sustainability Award Ceremony in 2020 or 2021.
Back in 2012, the Nobel Sustainability Trust co-hosted CleanEquity Monaco and engaged Innovator Capital to develop the Nobel Sustainability Fund, the world’s first multi-phase, multi-technology, multi-geography sustainable technology fund. It was launched in June 2016, by Earth Capital Partners and was seeded by the Monaco Reserve Fund.
[caption id="attachment_29260" align="alignnone" width="640"] HSH Prince Albert at the 2018 CleanEquity Monaco Awards Ceremony. Photo: Monaco Life[/caption]
Mungo Park added, “We are creating a multi-sovereign backed Global Green Investment Bank and other nations are waiting to participate as soon as the corporate structure is in place.”
Mr Park explained that the investment bank “will provide a service to technology companies and specifically, will not compete with the investment community”.
“Quite the opposite,” he assured. “In fact, its model will be to help companies become investor-ready, bridge financing at a fair and reasonable margin above the investment bank’s cost of money, and will enable companies to strengthen their boards, their management teams, their documentation and their intellectual property portfolios.”
Chairman of the Nobel Sustainability Trust, Professor Michael Nobel, commented, “The official recognition of the award and the Nobel Sustainability Trust foundation expressed during this CleanEquity Monaco conference is of outmost importance, both to the organisation and myself. The tremendous value of such a recognition being confirmed by a world-renown expert in the field like HSH Prince Albert in a plenary session of a meeting of this type cannot be underestimated."
Professor Nobel went on to say, "The issue of sustainability has in recent years become vitally important for mankind's wellbeing and even chances of long term survival. It goes far beyond what was thought necessary or important in earlier times. This is also why it has become so important that all of humanity, and not only special interest groups, recognises that sustainability policies needs to become and remain an integral part of our activities in order for us to prosper. Actions and words by recognised world leaders in the field, like Prince Albert, help create and reinforce such beliefs."
Following the groundbreaking announcements, Prince Albert, who will celebrate his 60th birthday on Wednesday March, 14, presented the three CleanEquity Awards, designed this year by American conceptual artist Darren Bader.
The awards winners were: Superdielectrics for Excellence in the Field of Environmental Technology Research; NanoSpun for Excellence in the Field of Environmental Technology Development; and BBOXX for Excellence in the Field of Environmental Technology Commercialisation.
Over the two days, twenty-seven companies presented at the 11th edition of the invitation-only CleanEquity Monaco.
“It’s the people assembled in this room that help turn science fiction into science fact,” said Prince Albert and their clean technologies are testament to his long-standing commitment for the Principality to be a model green country, which respects the natural environment and subscribes to be carbon neutral by 2050.
Article first published on March 13, 2018.
READ ALSOMonaco Life's Exclusive Interview with HSH Prince Albert
[caption id="attachment_29323" align="alignnone" width="640"] New BAM President John-Luigi Megginson with Vanessa Ilsley[/caption]
On Tuesday, March 13, the British Association Monaco (BAM) held its AGM at the Maisons des Associations. After four years as President, Vanessa Ilsley has stepped down.
Highlighting some of the events that had been changed or implemented during her tenure, Vanessa, a highly respected individual in Monaco, started with the Queen’s birthday cocktails, which have progressed into a successful fundraising occasion welcoming more government ministers and ambassadors over the years. “I believe this is very important to ensure that BAM’s contribution to the Principality is understood,” Vanessa said.
Vanessa, who is also involved with Outward Bound Monaco and the Monaco Air League, as well drew attention to the Hudson Foundation, of which BAM are administrators. Mr Hudson made his money in the production of soap flakes and as a result moved to Monaco and built the Villa Paloma, which is today a national museum. His Foundation is for the benefit of English in the Principality, and for the last two years BAM has awarded financial prizes each end of year to students in the three colleges: College Charles III, Lycée Albert 1er and Lycée Hotelier.
“Less obvious to members and something I am proud of,” Vanessa added, “is the implementation of a formal association with the Princess Grace Hospital. The BAM Community Support Team visitors are now formally accredited by the hospital authorities and hold badges to enable them to visit the hospital, the Centre Rainier III and Cap Fleuri.
“This is a welcome acknowledgement of the wonderful work the Community Support Team and their helpers are doing in the community. I would like to take the opportunity to thank these quiet volunteers for all their valuable time and unstinting support. Again this development by BAM in the community underlines my efforts to highlight BAM’s stature in Monaco.”
John-Luigi Megginson, who was educated in the UK from the age of 12 but returned to Monaco where he now runs a Family Office, has taken over as President. “I have very big shoes to fill. Vanessa has done such a wonderful job and I offer my thanks for her many contributions over the years and for being a source of inspiration to me," John Luigi said at the AGM.
“I hope to continue building on the success of the previous year, to increase subscriptions and keep up the high-caliber events we have throughout the year with a view to organising more great events.”
Both Presidents acknowledge the importance of working as a team with their committees.
The British Association of Monaco, a charitable association registered in the Principality, was founded in 1935 “to provide a focus for British and Commonwealth citizens residing in Monaco and surrounding areas to meet socially, represent their views in the Principality and to provide a welfare service for those in need".
The Association, which holds no political or sectarian aim, promotes and represents the British community within the Principality. Although Full Membership is open to British and Commonwealth citizens, all nationalities are eligible for Associate Membership.
The Community Support Team made up of volunteers was originally called the Assistance Fund Sub-Committee and it was formally recorded that "as a matter of principle the Relief Fund should not be used to assist gamblers".
Article first published March 14, 2018.
[caption id="attachment_28914" align="alignnone" width="1080"] Kate and Didier sign National Energy Pact.[/caption]
On Sunday, March 18, Stars’n’Bars will host an afternoon of family-friendly workshops, games and exhibitions on how Monaco residents can reduce their carbon footprints.
The EcoHub event, in partnership with the Mission for Energy Transition (MTE) in charge of the National Pact for Energy Transition, will be held in the StarDeck from 2 pm to 5 pm and is free and open to all nationalities and ages.
According to Stars’n’Bars co-founders Kate Powers and Didier Rubiolo, “If you live or work in Monaco, you know that Prince Albert has been a global leader in the fight to protect our planet and that the Principality has taken important steps to reduce its carbon footprint.
“These include creating eco-friendly methods of transportation, switching to renewable energy sources and managing waste, particularly plastics … but we need to do more!”
Since early 2016, Monaco’s government has been working with business leaders, educators, builders, energy suppliers and health and tourism organisations to create a national strategy to cut the Principality’s overall carbon footprint by 50 percent by 2030 and to be carbon neutral by 2050. This strategy targets Monaco’s main source of greenhouse gas emissions: transportation, waste treatment and energy use in buildings.
“That means that everyone must join in and double, triple and even quadruple efforts to be good eco-citizens,” say Kate and Didier. “To achieve these goals we must all act together to protect our environment, while improving our quality of life and preserving our health. This means adopting new habits, using clean energies and controlling our waste.”
To this end, the government has created a National Pact for Energy Transition designed to enlist the help of Monaco residents and workers to reduce the Principality’s overall carbon footprint.
MTE has designed a long-term programme that helps individuals measure their own carbon footprint – based on how much they travel, how much waste they generate and how much energy they use – and develop simple action plans to reduce their environmental impact in these areas.
According to Kate and Didier, “Once you know the size of your carbon footprint, the PACT website will help you choose a simple action plan to reduce it. The steps are simple: Can you take the bus more often or carpool to reduce carbon emissions? Can you recycle old clothes and separate your paper, glass and plastic trash? Can you better control your home heating and air conditioning? Can you shut off computers when not using them? These simple steps and other small actions you can take to reduce waste and unnecessary energy use can significantly reduce your carbon footprint.”
During the afternoon, the Mission for Energy Transition team will demonstrate various tools available to accomplish the individual’s personal action plan including an easy 10 questions “calculator” to measure carbon footprint, games to teach children the importance of recycling and tips on lowering energy consumption.
Jean-Luc Nguyen, Director of MTE, added: “First, I thank Kate and Didier for their strong commitment. The Mission for the Energy Transition team will be there on March 18 and hopes you will come and sign the Pact for Energy Transition, because it is all together that we will reach our national target to reduce greenhouse gas emissions.”
Other planned activities include an electricity-generating bicycle that mixes fresh smoothies, electric vehicles, children’s eco-activities and an online tool that can measure the solar energy potential of an address in Monaco.
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Sunday 17 September, 6 pm, Rainier III Auditorium
Grande Saison series: Friends of the Monte-Carlo Philharmonic Orchestra gala concert, conducted by Lawrence Foster with Evgeny Kissin on piano. The programme features Antonín Dvorak, Béla Bartok, Leos Janacek and Zoltán Kodaly. At 5 pm, as a prelude to the concert, there will be a presentation of the works by André Peyrègne
Information: +377 98 06 28 28