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MONACO BLUE INITIATIVE
Global ocean governance:

the big review

Held under the high patronage of HSH Prince Albert II of Monaco,
the 15th edition of the Monaco Blue Initiative reviewed the global

movement tackling the major ocean issues since 2010. Drawing on the
lessons learned from the progress and the setbacks, it set out the urgent

action needed to face emerging challenges in the coming decade.

Monaco Ocean Week opened on 18 March 2024 in on Fisheries Subsidies and the creation of marine
the Conference Room of the Oceanographic Museum protected areas (MPAs) to help achieve the 30x30
of Monaco. A host of high-level panellists, including target. Discussions also focused on emerging
senior civil servants and political figures, took part in challenges, such as protecting the Southern Ocean,
the latest edition of this leading event. Representing deep-sea mining and the effective management of
the global ocean community were more than 160 MPAs.
participants from Africa, Asia, North and South
America, Australia, Europe, the Middle East and the During HSH Prince Albert II of Monaco’s welcome
island countries of the Indian Ocean, Caribbean and address to open the 2024 edition of the Monaco Blue
South Pacific. Initiative, an event co-hosted by the Prince Albert II
of Monaco Foundation and the Oceanographic
One of the main messages of the review is that the Institute, he spoke about the chapter in history being
ocean has better recognition and protection today, as written for the ocean: “In 15 years, our determination
evidenced by the achievement of decisive milestones has strengthened and the battle for sea and ocean
such as the IPCC Special Report on the Ocean and protection has not only changed in scale, it has
Cryosphere, BBNJ Agreement, Kunming-Montreal also changed in nature. There used to be just a few
Global Biodiversity Framework, WTO Agreement enthusiasts who advocated for the sea, a few ad