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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.
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