Centre Scientifique de Monaco & BNP Paribas united to debate about Natural Capital and Blue Carbon.

Oct 19, 2023

2 min read

Updated: Oct 19, 2023

Economy and financial markets are increasingly debating on eco-responsibility. BNP Paribas and the Centre Scientifique de Monaco, in partnership with the Prince Albert II of Monaco Foundation, will organise a technical conference on the 9th November 2023 at the Yacht Club de Monaco entitled: "Natural Capital: Challenges and Solutions for a Sustainable Future". Entrepreneurs, economists, academic researchers and key figures focused on environmental and environmentally friendly financial issues will animate the morning round table held at the Yacht Club de Monaco. Speakers will focus on the best actions to maintain the Natural Capital involving philanthropic and inter-governmental institutions as well as start-ups engaged in the ecological transition. The meeting will also examine the approach of financial markets on the topic. A two-day workshop for professionals will follow at the Monaco Scientific Centre putting Blue Carbon on the spotlight. Geneva Macro Labs, Euro-Mediterranean Economists Association EMEA, Fundación MERI, Yacht Club de Monaco, Association des Investisseurs Responsables Monaco and Monaco in Finance Institute will support the rendezvous as well.

Natural Capital can be considered as the global stock of natural assets from which a set of essential ecosystem services and products derive to keep liveable conditions on Planet Earth and sustain human well-being. Overcoming the natural regeneration capacity has become constant, causing biodiversity loss while affecting local economies increasingly subject to extreme climate change events able to generate impactful social consequences and new world conflicts. The term Natural Capital is traditionally attributed to Ernst Friedrich Schumacher, German- British statistician and economist, who introduced it in his 1973 book ‘Small is Beautiful’. Since 1970’s, it has been therefore of great interest at governmental, business, social and academic level.