« We now understand how central the Ocean is to our future whether we speak about climate, biodiversity or health, or whether we address food, trade or energy. Every time we look to the future, our focus inevitably shifts to the Ocean, but, despite this, we are struggling to create a world capable of respecting those vast expanses of water and their ecosystems, preserving their delicate balance and safeguarding their wealth. However, we must act now without delay to prepare this world through Global governance regulations which will be the focus of the United Nations Ocean Conference from the 9th to the 13th June ». These are the introductory words of H.S.H. Prince Albert II of Monaco in His latest key note speech.
The Sovereign Prince refers to the prior need of developing an economic model adaptable to the changing evolution in Economy and Finance. The Principality of Monaco stands as a leading mediator in the field by organising a major summit in partnership with Costa Rica and France, key players of the United Nations Conference that will take place in Nice in early June. The Blue Economy & Finance Forum - BEFF, that will be held at the Grimaldi Forum the 7th and the 8th June 2025, is going to tackle pivotal investment topics to foster the Blue Transformation.
This international panel, by the will of the Gourvernement Princier, the Prince Albert II of Monaco Foundation and the Institut Océanographique Monaco, will offer a series of high-level socio-economic and geopolitical workshop to debate on: Ocean Preservation, Sustainable Marine Initiatives, Innovative Financial Investment tools, Renewable Energy Sources, Green Tourism, Transport Decarbonisation, Climate Mitigation actions, Blue Economy Governance and Policy-making measures.
According to the Organisation for Economic Co-operation and Development (OECD), we must invest an estimated total amount of USD 175 billion every year to make maritime economy be truly sustainable and inclusive. This private-public effort is crucial to guarantee food security, clean global trade, and the development of sustainable energy and transport solutions, while preventing from resource depletion, ocean acidification, overfishing, ocean pollution and biodiversity loss.
The BEFF is therefore meant to gather experts, policymakers, investors and innovators around the same table and have them work together for 'ensuring fair access to the benefits of the Blue Economy and safeguarding marine resources (which) is critical to creating a sustainable future'. Cooperation, peer-review and ocean literacy will be the pillars of this privileged platform aimed at creating an ecocentric virtuous system to benefit present and future generations from regenerative ecosystems.
As stressed by the Sovereign Prince, the Blue Economy & Finance Forum will be a unique opportunity allowing science, policy makers and philanthropists to meet face to face to make ocean-conservation ambition a reality via a holistic approach to public and private investment. Provided that maritime transport, fishing, agriculture, renewable energies, sustainable tourism, and nature conservation are cornerstones of the Global Ecology Transition, the environmental services offered by the Oceans will exceed USD 3 trillion per year by 2030 (OECD data), making it the fifth largest economy on Planet Earth. ***
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By Maurice Abbati
Journalist; Editor; Communication, Media and Public Relations Specialist
Lecturer and Author in English language of Technical Articles and the Manual: "Communicating the Environment to Save the Planet, a Journey into Eco-Communication" by Springer International Publishing.
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