MONACO

RESEARCH & DEVELOPMENT

KEY R&D INSTITUTIONS AND RELEVANT R&D PROJECTS
Several avenues for research and development exist.

Firstly, the Climate and Energy Plan has created a dedicated funding instrument, the Energy Sustainable Development Fund. The money is generated through the sale of electricity and creates funds for the promotion of renewable energies and other sustainable development objectives.

Secondly, the OPTIMA PAC initiative is a research project that checks how well the existing demonstration projects in Monaco perform against three targets:

• Offering an industrial range of sea water heat pumps compatible with sustainable development;

• Controlling environmental impacts;

• Optimising design and operation.

Partners include a wide range of energy companies. The budget of the initiative amounts to €2,391 million over 42 months.