The Blue Economy and Finance Forum (BEFF) concluded at the Grimaldi Forum this weekend, positioning Monaco as a key player in shaping global marine conservation policy and sustainable ocean finance…
Held just ahead of the United Nations Ocean Conference (UNOC) in Nice, the two-day summit brought together heads of state, central bankers, scientists, and investors to transform oceanic ambitions into actionable strategies.
The forum’s central focus was on achieving Sustainable Development Goal 14 — to conserve and sustainably use oceans, seas, and marine resources — through a regenerative, economically viable blue economy. Speakers including His Serene Highness Prince Albert II, French President Emmanuel Macron, ECB President Christine Lagarde, and Palau’s UN Ambassador Ilana Seid underlined the urgent need to restore ocean health and align economic models with environmental protection.
Highlights included the signing of the Sustainable Mediterranean Cruise Charter between Monaco and France, aimed at reducing the environmental impact of cruise tourism through joint regulation and innovation. The forum also emphasised bridging the gap between science, conservation, and finance, sectors often siloed, to create new funding pathways for ocean preservation.
HSH Prince Albert II’s long-standing commitment to marine issues, alongside France’s active role as co-host of UNOC, underlined a united diplomatic push. The BEFF closed with a resounding call for cooperation, ethical policymaking, and free, open scientific research to guide future action. With the foundations now laid in Monaco, global leaders turn to Nice for the next stage in building a sustainable future for the world’s oceans.
Image: Prince’s Palace
