Monaco’s energy mix heavily relies on imported electricity (53% in 2021), primarily from France, with a strong, growing emphasis on renewables and efficiency. Over 60% of total energy consumed is considered to be of renewable origin (including imported green electricity and local sources). Local generation includes significant use of solar power and seawater heat pumps for heating/cooling. Local renewable energy accounts for about 21.6% of consumption, including photovoltaic panels on buildings and heat pumps.

Monaco has positioned itself as a global hub for green hydrogen innovation, primarily through the Monaco Hydrogen Alliance (MHA) and high-profile maritime projects. Under the patronage of Prince Albert II, the Principality focuses on decarbonizing land, air, and sea transportation to meet its goal of a 55% reduction in greenhouse gas emissions by 2030.

Monaco actively partners with global entities to standardize hydrogen technologies. Recent actions include a Memorandum of Understanding (MoU) with the International Hydrogen Fuel Cell Association (IHFCA) in April 2025 and partnerships with Hydrogen Scotland to share best practices for safe deployment.