Since 2005, the Monaco Yacht Show has committed itself to the protection of the environment, becoming the first Monegasque event to receive the label « Carbon Neutral ».

Having achieved the rank of world leader of luxury yacht shows according to sector professionals, the Monaco Yacht Show has taken advantage of it position and notoriety to set an example towards commitment to the protection of the environment.

Based on its own initiative, the MYS decided to contribute an « eco-tax » to help finance international environmental protection projects in association with The Carbon Neutral Company from which it was awarded the « Carbon Neutral » label in 2005.

Financing of international programs

The Carbon Neutral Company manages an international program to stabilize greenhouse gas emissions by quantifying waste generated by member organizations.

For the Monaco Yacht Show, they evaluate emissions linked to air and surface transportation used by participants, hotel stays, electricity consumption and related waste.

Over 5 years, nearly € 200,000 was invested in sustainable development by the Monaco Yacht Show in collaboration with Camper & Nicholsons International, a partner in the operation since 2005.

The Carbon Neutral Company then allocates these funds to finance various certified projects.

The Certified Emission Reductions (CERs) are issued by projects approved by the Clean Development Mechanism (CDM), created under the Kyoto Protocol and under the guidance of the UNFCCC (United Nations Framework Convention on Climate Change).

To be approved by the CDM, a project must fulfill a series of strict criteria (project settlement, quantifiable reduction of CO 2 and realization of the project on long term basis).

The MYS has decided to keep its contribution to the Kurkumbh Bagasse Cogeneration Project. This project implements a cogeneration power plant that generates steams and electricity.

Besides, the MYS has also chosen to get involved in the construction and operation of a hydropower plant in China.