Energy consumption and the environment


Global Warming Could Turn Tax Haven Cold

Extended hotter summers and the environmentIf he looks down from his palace and sees the
have been much talked about subjects in royalwealth surrounding him he might be tempted to
circles since Prince Charles started to usetap into it for environmental causes as he
his  position  to  push  it  up  the  agenda.believes in it in such a genuine and sincere
way. There have been press reports of some of
Now a new royal has entered the debate, andhis staff leaving, and if true it can only be
Monaco's Prince Albert recently joined Princehoped that it wasn't over fiscal matters.
Charles at his innovative Poundbury villageFrom the European royal families on
in  Dorset.environment issues we would view Charles as
the king, and hopefully Albert will be the
The significance that it was Charles' 58thprince!'
birthday wasn't overlooked by a Monaco travel
guide.Monaco  Weather  Forecast
'Since Albert came to power he has made thePrince Albert's father, Prince Rainier, was
environment his number one priority. And justEurope's longest reigning Monarch until his
as Prince Charles has become known for hisdeath in April 2005. Known affectionately as
views on everything from architecture tothe 'builder prince' he transformed Monaco
climate change, so has Prince Albert. Ofinto the world's favourite tax haven and
course Albert's position isn't as importantensured the Monaco Grand Prix became one of
as Charles' as future King of England, butthe best known annual sporting events. The
where he can he tries to champion thePrincipality Albert succeeded to was a
environmental  cause'.country known throughout the world for money
and glamour, and the Monte Carlo casino only
In April 2006 Prince Albert made a trip toadded  to  its  legendary  status.
the North Pole to highlight the issue of
global warming, and since then has taken partAlbert has continued in his father's
in other initiatives to try and push thefootsteps with a plan to develop an island
environment up the political agenda of fellowoff Monte Carlo, and like his father with the
world leaders, including involving Monacoreclaimed land in Fontvieille the map of
more at the United Nations and for the firstMonaco  will  change  again.
time calculating the tax haven's GDP, which
will allow Monaco to commit money towardsIn keeping with his stance on the
developing  countries.environment, it is thought that a successful
bid to build the island will need to be seen
'As soon as he came to power he signed Monacoto be environmentally friendly, with the
up to the Kyoto Protocol designed to cut thepossibility of lower rise buildings than some
world's greenhouse emissions', add the guide,parts of Monaco have endured to create more
'and he has established his own foundation toliving  space.
promote better understanding of the issues of
the rise in sea levels and quality of water'.Monte Carlo has long been associated with
glamour, heightened throughout the world in
With the threat of rising sea levels, it's1956 when Prince Albert's father married his
easy to see that Monaco could be affected asmother,  US  actress  Grace  Kelly.
it sits on the shores of the Mediterranean.
The world's second smallest country, and theSpeculation was rife earlier this year that
best known tax haven, Monaco has in the pastPrince Albert would be announcing his own
increased her size by reclaiming land fromengagement to South African swimmer Charlene
the sea, resulting in area where the districtWittstock.
of Fontvieille now stands, and one of the
best known hotels in Monaco, the Columbus, is'Things have gone quiet recently on the
situated.Charlene front', comment the guide, 'Monaco
is all about glitz and glamour and perhaps a
But there is a danger that by championing thesurprise announcement will be made soon. But
environmental cause that Prince Albert couldit's possible that Albert is more interested
turn off his people before he turns off thein environmental affairs than affairs of the
warming  of  the  planet.heart'.
'Monaco is home to the world's wealthy', sayMonaco has been making the news recently as
the travel guide, 'And it's a place of fun.Monte Carlo real estate prices have
The Monaco Grand Prix, the casino and theescalated, and are on a level with London and
fact that it's the most sought after taxNew  York.
haven in Europe might not sit comfortably
with heavy politics. Happily the environmentEven the cheapest studios are edging towards
is an issue that has moved from the fringe tothe million Euro level according to Monaco
mainstream, and is something that nearlyproperty  specialists.
everyone is concerned about. Luckily for
Prince Albert he has identified himself with'Increasing taxes elsewhere in Europe,
an issue that is just as important to the taxespecially in the UK, have seen inquiries
exiles and business people who bring theirincrease significantly over the last twelve
money to Monaco as it is to everyone else. Inmonths,' they say, 'and it's not the weather
the past Prince Charles has been slightlyin Monte Carlo that's drawing buyers, but the
ridiculed with his views on the environmentincome tax free status of being a resident,
and organic farming, but now with hindsight aand the security that goes with living in
lot of people think he was ahead of hisMonaco. There's one policeman for every one
time.'hundred residents and has to be the safest
country  to  live  in  Europe'.
Referring to Monaco's tax haven status the
travel guide add 'Prince Albert needs to beThis year's Monaco Grand Prix, the
careful not to kill the goose that lays thepossibility of a royal engagement and Prince
golden egg. Monaco is to start askingAlbert's continuing campaign for the
businesses in strict confidentiality forenvironment make the year ahead an exciting
finance figures so Monaco can do more at theone for residents and visitors to Monaco
United Nations and on environmental issues.alike.



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