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Blue Economy and Finance Forum Monaco more information (2)

Protecting the Ocean is a task that concerns the entire international community, not only to preserve the planet's largest carbon sinks and vast marine ecosystems, but also because the Ocean is a source of income, food, employment and economic opportunities for a large part of the planet's population. The Ocean represents more than natural heritage: it is also a major driver for global development. Protecting the Ocean will therefore necessarily involve shaping a new regenerative and sustainable blue economy and financial sector. 

The potential is immense: according to the OECD, due to rapid growth of global maritime activities, the economic value derived from the ocean will surpass US$3 trillion by 2030, making the ocean the world's fifth-largest economy. Ninety percent of the world's goods are transported by sea - billions of people depend on the marine environment for their food and livelihoods. The Ocean also represents a solution to produce new renewable energies for the decarbonisation of industries, given the potential of offshore wind capacity and new marine energies, as well as sustainable fuels to completely decarbonise maritime transport. The development of research, collection of ‘blue’ data, and sampling of marine genetic resources all have exceptional potential, associated with a growing number of economic applications, for example in the medical, agricultural and cosmetics fields. The sea is an extraordinarily vast source of diversity: the rate of discovery of potential molecules of interest is 500 times higher for marine species than for terrestrial species. 

The potential of this new regenerative and sustainable blue economy, however, calls for a vast effort of international cooperation.

We must prevent the depletion of our limited resources and the degradation of marine ecosystems. Scientists are raising alarms about the need to slow ocean acidification, conserve marine ecosystems, including those in the deep sea, reduce pressure on fish stocks and cut the flow of waste into the Ocean, including plastic waste. If we fail to achieve these results, the very foundations of tomorrow's regenerative blue economy will be jeopardised. This vast challenge of international cooperation must also enable us to guarantee the sharing of the benefits linked to the blue economy and the extraordinary sources of growth represented by the world’s ocean.

It is to create this new regenerative and sustainable ocean economy that the Blue Economy and Finance Forum (BEFF) will be held on June 7 and 8, 2025 at the Grimaldi Forum, in Monaco, and hosted by the Government of Monaco with the Prince Albert II of Monaco Foundation and the Oceanographic Institute of Monaco as a special event of this 3rd UN Ocean Conference in 2025.

What are Blue Economy and Finance Forum’s concrete objectives? 

The BEFF aims to convene in Monaco, as a UNOC Special Event, all public, philanthropic and private investors who support the regenerative and sustainable blue economy through investments in innovative projects and businesses poised to make a significant impact. This initiative will stimulate the development of the capital market for the Ocean, with investments anticipated to ultimately reach around 100 billion dollars. Additionally, the event will highlight investments in coastal developing countries and Small Island Developing States (SIDS), as well as efforts to mobilise capital for marine conservation initiatives globally

The pillars of action around which the BEFF is structured are:

  1. Investing for Ocean Preservation and Resilience
  2. Financing the Blue Economy
  3. Innovating through Ocean Governance and Finance
     

In addition to the support from the Costa Rican and French Governments, preparations for the BEFF are being facilitated by a steering committee co-chaired by:

 

Protecting the Ocean is a task that concerns the entire international community, not only to preserve the planet's largest carbon sinks and vast marine ecosystems, but also because the Ocean is a source of income, food, employment and economic opportunities for a large part of the planet's population. The Ocean represents more than natural heritage: it is also a major driver for global development. Protecting the Ocean will therefore necessarily involve shaping a new regenerative and sustainable blue economy and financial sector. 

The potential is immense: according to the OECD, due to rapid growth of global maritime activities, the economic value derived from the ocean will surpass US$3 trillion by 2030, making the ocean the world's fifth-largest economy. Ninety percent of the world's goods are transported by sea - billions of people depend on the marine environment for their food and livelihoods. The Ocean also represents a solution to produce new renewable energies for the decarbonisation of industries, given the potential of offshore wind capacity and new marine energies, as well as sustainable fuels to completely decarbonise maritime transport. The development of research, collection of ‘blue’ data, and sampling of marine genetic resources all have exceptional potential, associated with a growing number of economic applications, for example in the medical, agricultural and cosmetics fields. The sea is an extraordinarily vast source of diversity: the rate of discovery of potential molecules of interest is 500 times higher for marine species than for terrestrial species. 

The potential of this new regenerative and sustainable blue economy, however, calls for a vast effort of international cooperation.

We must prevent the depletion of our limited resources and the degradation of marine ecosystems. Scientists are raising alarms about the need to slow ocean acidification, conserve marine ecosystems, including those in the deep sea, reduce pressure on fish stocks and cut the flow of waste into the Ocean, including plastic waste. If we fail to achieve these results, the very foundations of tomorrow's regenerative blue economy will be jeopardised. This vast challenge of international cooperation must also enable us to guarantee the sharing of the benefits linked to the blue economy and the extraordinary sources of growth represented by the world’s ocean.

It is to create this new regenerative and sustainable ocean economy that the Blue Economy and Finance Forum (BEFF) will be held on June 7 and 8, 2025 at the Grimaldi Forum, in Monaco, and hosted by the Government of Monaco with the Prince Albert II of Monaco Foundation and the Oceanographic Institute of Monaco as a special event of this 3rd UN Ocean Conference in 2025.

What are Blue Economy and Finance Forum’s concrete objectives? 

The BEFF aims to convene in Monaco, as a UNOC Special Event, all public, philanthropic and private investors who support the regenerative and sustainable blue economy through investments in innovative projects and businesses poised to make a significant impact. This initiative will stimulate the development of the capital market for the Ocean, with investments anticipated to ultimately reach around 100 billion dollars. Additionally, the event will highlight investments in coastal developing countries and Small Island Developing States (SIDS), as well as efforts to mobilise capital for marine conservation initiatives globally

The pillars of action around which the BEFF is structured are:

  1. Investing for Ocean Preservation and Resilience
  2. Financing the Blue Economy
  3. Innovating through Ocean Governance and Finance
     

In addition to the support from the Costa Rican and French Governments, preparations for the BEFF are being facilitated by a steering committee co-chaired by: