Amid the COVID-19 pandemic, the Monaco Blue Initiative brought together major players in ocean conservation and governance to explore solutions to challenges facing our Ocean and to promote a sustainable blue economy.
Summary of the 12th Meeting of the Monaco Blue Initiative
The 12th meeting of the Monaco Blue Initiative convened during the 4th Monaco Ocean Week under the presidency of HSH Prince Albert II of Monaco. In accordance with the continued health and safety measures in response to the COVID-19 pandemic, the meeting convened in a hybrid format involving in-person attendance in Monaco and virtual attendance.
Monaco Ocean Week, which took place from 22-28 March 2021, brought together stakeholders in the marine sector in a week of debate on ocean conservation issues. The 12th meeting of the Monaco Blue Initiative kicked off the week’s activities, and triggered debate, analysis and awareness-raising to better understand the challenges related to the ocean. This one-day meeting took place in three sessions.
- The Role of International Negotiations for Better Ocean Governance: This session reviewed high-level international negotiations and conventions that include the ocean in their agenda, and reflected on synergies to increase their effectiveness.
- Integrating Ocean Issues and the SDGs in Corporate Social Responsibility Strategies: This session enabled experience sharing among companies involved in the blue economy and discussed ways of integrating SDG 14 (Life below water) in their operations.
- From Blue Economy to Blue Finance: This session provided an opportunity for financial actors to express their views on how to direct capital flows toward a true, efficient and transparent blue economy, particularly in the context of the economic recovery from the impacts of COVID-19.
The Monaco Blue Initiative is a unique platform that brings together major players in ocean conservation and governance in annual debates to explore solutions to challenges facing the ocean and to promote sustainable blue economy.
IISD, through its Earth Negotiations Bulletin (ENB) Meeting Coverage, produced digital coverage and a summary report of this meeting.
The Monaco Blue Initiative was co-organized by the Oceanographic Institute – Prince Albert I of Monaco Foundation, and the Prince Albert II of Monaco Foundation.