Monaco Gears Up For Yacht Show
by Ulrika Lomas, for LawAndTax-News.com, Brussels
07 June 2006
The Principality of Monaco is gearing up for the forthcoming 16th Monaco Yacht
Show, which will be held between September 20 and 23, 2006.
With 95 super and mega yachts, 530 exhibitors, 8,000 square metres of stands
and more than 22,000 visitors, the Monaco Yacht Show's stated aim is to unite
"the most prestigious companies from the yachting industry".
This year, in accordance with the current movement which tends towards the
construction of ever bigger yachts, the priority will be given to large-scale
units. Therefore, more than 55% of the yachts registered for 2006 are between
40m and 90m long.
Official sponsors of the event include watchmaker, Blancpain, the Société
Monégasque des Etudes Financières, which is the only Monegasque
company specializing in financial engineering for yacht financing, and Mercedes-Benz.
At the 15th Monaco Yacht Show, a decision was made for the event to become
carbon neutral, and to help companies willing to commit to sustainable development
to find ways to take action.
Together with its daily efforts to reduce its impact on the environment, the
MYS this year re-affirmed its commitment to taking part in actions to balance
the energy waste generated by the show, and to trying to to raise awareness
among participants to reduce their emissions whenever and wherever possible.
This year, the MYS will additionally take part in 3 different offset projects:
- The Te Apiti Wind Farm, New Zealand : setting up 55 windmills in the Manawatu
Gorge in northern New Zealand which will be capable of generating enough power
for 45,000 homes;
- The Coal Methane Capture, USA: installing a methane capture system and
flare to burn the 2,000 tonnes of methane (about 50,000 TCO2) rejected by a
Pennsylvania mine and reducing it by about 95%; and
- The Forestry project, France : planting a heath in Western Brittany with
Chestnuts, Oaks and Atlantic Pines to protect water catchments and provide
a recreation area.
.
|
|