Blue Economy and Finance Forum: financing the blue economy

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 hosted 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.

For concrete solutions

Heads of state, business leaders, investors, philanthropists, development banks, NGOs… have answered the call to mobilize more financial resources to invest in a sustainable, regenerative blue economy. Alongside Prince Albert II of Monaco, Presidents Emmanuel Macron (France), Rodrigo Chaves Robles (Costa Rica), Lula (Brazil), Prince William and numerous international figures such as 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), emphasized the strategic importance of ocean health.

Numerous commitments from financial players

Other announcements made at BEFF: 80 companies from 25 countries, representing cumulative sales of €600 billion, have signed the “Business in Ocean” call to action; coalitions of financial players have been set up, such as #BackBlue for ocean finance (a coalition now representing $3,000 billion in assets under management), or the Finance in Common alliance, which collectively represents an average of $7.5 billion in investments per year for ocean protection (bringing together 20 development banks).

In the tradition of Monaco

En savoir plus

https://beff2025monaco.org