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On 7 and 8 June 2025, ahead of the Third United Nations Ocean Conference (UNOC) held in Nice from 9 to 13 June, the Principality of Monaco will host the Blue Economy and Finance Forum (BEFF), an event dedicated to financing a sustainable and regenerative blue economy.

According to the OECD, the economic value of the oceans could exceed $3 trillion by 2030, making it the fifth largest economy in the world. International cooperation is indispensable to making this potential a reality and a key factor in fighting resource depletion, slowing the acidification of oceans, preserving marine ecosystems, reducing overfishing, limiting marine pollution and developing sustainable solutions for energy, food and transport.

A “UN Ocean Conference Special Event”

For this reason, the Blue Economy and Finance Forum (BEFF) will be held in Grimaldi Forum in  Monaco on 7-8 June 2025. Labelled a “UN Ocean Conference Special Event”, the international forum will take place just before the United Nations Ocean Conference (9-13 June 2025 in Nice).  Sponsored by the Government of Monaco, the Prince Albert II of Monaco Foundation and the Oceanographic Institute of Monaco, with support from France and Costa Rica, the BEFF works to help achieve United Nations Sustainable Development Goal No. 14: “Conserving and sustainably using the oceans, seas and marine resources”.  Currently, funding for this SDG remains largely insufficient: only $25 billion is mobilised per year instead of the 175 billion that is necessary.

Together, we will drive the investments needed for sustainable blue economy, both public and private, and lay the foundations for a future that unites human progress with planetary conservation

 

Prince Albert II of Monaco.

For tangible solutions

To fill this funding gap and accelerate the transition to a blue economy capable of preserving marine ecosystems, the forum will bring together financial leaders, government representatives, economic stakeholders and innovation specialists for panel discussions, plenary sessions and side events focused on tangible solutions.

“Nice Ocean Action Plan”

It has been announced that three heads of State – Prince Albert II of Monaco, Emmanuel Macron, President of the French Republic, and Rodrigo Chaves Robles, President of the Republic of Costa Rica, will attend. Several international figures, including Christine Lagarde, President of the European Central Bank, Costas Kadis, European Commissioner for Fisheries and Oceans, and Arsenio Dominguez, Secretary General of the International Maritime Organization (IMO), will speak about the strategic importance of ocean health. The BEFF is also a forum for tangible commitment in the form of new partnerships and projects, announced ahead of the Third United Nations Ocean Conference, at which the “Nice Ocean Action Plan” is to be adopted.

Start-ups, investors and scientists

A “Blue Innovation Hall” will display high-impact, concrete solutions. Start-ups, investors and scientists will present their projects to sustainably transform the blue economy. Through initiatives such as Solution Hubs, the forum will highlight innovative technologies and hybrid (public-private) financing mechanisms for key sectors such as maritime transport, sustainable fisheries and marine protected areas.

@Palais Princier de Monaco

In the tradition of Monaco

The Principality of Monaco has been committed to protecting the oceans since the late 19th century. A passionate explorer, Prince Albert I was a founding father of modern oceanography. This commitment to the seas and oceans continued throughout the 20th century with the signing of the RAMOGE Agreement and the creation of the Pelagos sanctuary. At the request of the Prince Albert II Foundation, the IPCC produced a special report on how climate change is affecting the planet’s oceans and ice-covered areas. The report was released to the public in the Principality in September 2019. Recently, the FPA2 partnered with private stakeholders to create a financial index, the Blue Economy Index.

En savoir plus

https://beff2025monaco.org

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Fondation Prince Albert II de Monaco

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