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The Monaco of Tomorrow

How do you see Monaco in 30 years’ time? This is the question that Monaco Economie asked many
players in the Principality in relation to the transformations that are being prepared in terms of town
planning, economics and digital, so, place your bets…

What will the world be like in 2050? It’s clearly and prosperity of the country: the pursuit of has been considering certain avenues. In
a bit complicated to look into your crystal ball the most sustainable development possible; its last report, the various commissions,
and see that far ahead but some forecasters the security of the Principality; and the for example, focused their work on certain
have done just that. According to a United implementation of a recovery policy, focusing technical measures such as the taxation of
Nations forward-looking report, the number in particular on digital technology. The head of trusts, the creation of an Art Monaco cluster,
of inhabitants on Earth is expected to have state insists on «the relentless implementation enabling all those in the artistic sector to
approached 10 billion (9.7 billion). China, of the Principality’s energy transition in strict be brought together (museums, galleries,
India and Nigeria become the new top three compliance with the objectives set - reduction opera, ballet, philharmonic orchestra), the
most populous countries in the world. By of greenhouse gas emissions to -55% in 2030 recognition of a «Made in Monaco» label to
then, half of the world’s population growth and carbon neutrality by 2050.” boost Monégasque craftsmanship, as well
is expected to be concentrated in just nine Following the Covid-19 crisis, Jean Castellini as the establishment of a mooring fee, an
countries: India, Nigeria, Democratic Republic was given the task of thinking about the Monaco ecological contribution relative to the size of
of Congo, Pakistan, Ethiopia, United Republic of tomorrow. “At the Sovereign’s request, we are ships, which would finance the implementation
of Tanzania, United States of America, Uganda reflecting on the strengths and weaknesses of of actions to enhance and protect the seabed.
and Indonesia. our model. Along with academics in particular, The CSA was created following the report of
This demographic growth will not be without our mission is to reflect on the world of the Monaco 2029 think-tank, an initiative of
consequences: 68% of the population is tomorrow, in the same way as we established the National Council. Today, another think-

thought to be concentrated in urban areas a report on the financial market in 2006 with tank takes centre stage: Monaco 2040.
(compared to 55% today); and in terms Bain & Company. The axis of this post-Covid-19 Its aim is «to produce and disseminate
of migration, global warming could have introspection exercise is: we are what we innovative and operational ideas and political,
a heavy impact. According to the World are - do we want to be - can we be - the same economic and financial solutions regarding
Bank, it could push 216 million people to tomorrow?” the Minister of Finance and the the long-term future of Monaco.” Amongst the
emigrate from their countries by 2050. The Economy said, adding, “The world of tomorrow flagship ideas is the creation of a completely
institution has identified the regions whose will not be the world of yesterday. It would autonomous civil servant pension plan and a
inhabitants will move away due to the scarcity be absurd not to learn lessons, or to remain Copernican revolution of Monaco’s nest egg,
of water resources, the decline in agricultural dependent on a distant country, not to relocate the Constitutional Reserve Fund (financial
productivity and sea level rise; and in contrast, certain priority activities. The globalisation of objectives, predominance of liquid assets
the urban and rural areas that will be better off tomorrow must have a different face. We will that can be monetised in case of need,
and likely to offer new means of subsistence be all the more immune to future crises and registration of all expenditure in the budget
- an alarming report on the eve of the COP26 we will be all the more able to generate new law and so on) . Civil society even proposes
which will bring together our planet’s leaders revenue, as we promote this local production town planning projects, as seen with the
in November in Glasgow and will be decisive and consumption.” Ecopolis association, which has designed a
for future generations. footbridge linking Monaco Yacht Club with
Civil society: a creative force the future extension at sea, in order to avoid
Roadmap One trend we already feel is that civil society walking through the Louis II tunnel.
And what of Monaco in all this? In 2020, in is a driving force for thinking about the future As we wait and see whether (or not) anything
his roadmap to the State Minister, Prince of the Principality. Since 2011, the Strategic comes of these ideas, Monaco Economie
Albert II assigned three main objectives to the Council for Attractiveness (CSA), which brings offers you a panorama of tomorrow’s building
government to strengthen the attractiveness together some 50 driving forces of Monaco, sites in both the private and public sectors.

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