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28 | SOLUTIONS FOR THE OCEAN / THE BLUE ECONOMY
THE BLUE ECONOMY
MONACO BLUE INITIATIVE
A shared ocean
Under the high patronage of On 21 March 2022, in the plenary room at the Oceano-
HSH Prince Albert II of Monaco, graphic Museum of Monaco, over 200 participants
including high-ranking officials and political represen-
the 13 edition of the Monaco tatives, took part in the panel sessions throughout the
th
day focused on ocean conservation, blue economy and
Blue Initiative was one of the finance, and multilateral efforts.
key international ocean events. For the opening of the event, jointly organised by the
The need for a new ocean Oceanographic Institute, Prince Albert I Foundation, and
the Prince Albert II of Monaco Foundation, the Soverei-
vision prevailed all the topics gn stressed the importance of sharing a vision based on
addressed. collective values focused on future generations and the
preservation of the ocean, a common good. “Whether
they are of a political, legal or economic nature, current
ocean management tools are still inadequate. This fo-
rum for dialogue on the ocean, which we created in
Monaco 13 years ago, provides us with the opportunity
to identify efficient tools and to prepare the future”, the
Sovereign affirmed, pointing out the issues at stake on
the international agenda over the following months.