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38 | THE BLUE ECONOMY AND FINANCE


















            MONACO BLUE INITIATIVE

            The role


            of international




            negotiations






            The panellists involved in current or future negotia-  SUPPORTED BY SCIENCE
            tions shared and made recommendations to allow
            these major global meetings on the oceans to deli-  The speakers all shared the sense of urgency, and
            ver significant results. The priority is not reviewing the   they all emphasised the importance of global gover-
            protection objectives as such, but more efficient im-  nance based on a solid scientific foundation. Bruno
            plementation. For Sophie Mirgaux, special envoy for   Oberle, Director General of the IUCN, underlined the
            the ocean (Belgium), the future treaty on protecting   importance of sufficient tracking, control and moni-
            high seas biodiversity (BBNJ) - which is still being ne-  toring to transform the legally binding instrument into
            gotiated - is a framework which would allow the glo-  holistic ocean governance. He supported the use of a
            bal implementation of the lofty ambitions set by the   top-level panel dedicated to the ocean, which would
            highest international bodies, which must be relayed   represent all States and which would be supported
            by effective regional agreements.            by  science.  The  moderator,  Sébastien  Trayer,  Exe-
                                                         cutive Director of the Sustainable Development and
                                                         International Relations Institute in Paris, emphasised
                                                         the importance of consolidating scientific knowledge.
                                                         “There are considerable  data  gaps  on the oceans,
                                                         notably for developing countries and the deep sea,
                  “We must make a deeper, more           90% of which is not mapped”,  remarked  Alexan-
                  tangible commitment to tackle          der Shestakov, from the Secretariat of the Conven-
                       this global issue which has       tion on Biological Diversity, which is keen to involve
                      three parts: the climate, the      non-coastal countries which still benefit from the eco-
                          ocean and biodiversity.”       system services offered by oceans.

                                  Susan Gardner,
                     Director, Ecosystems Division
                               at UN Environment
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