The Monaco Scientific Center and Rosemont International will organize a conference on “Blue and Sustainable Finance” during the 4th edition of Monaco Ocean Week.

Monaco and oceans

Track records of the Principality’s commitment to the theme of the oceans dates back to the end of the 19th century, with the various marine explorations led by Prince Albert I, a passionate explorer, a demanding scientist, considered today as one of the founders of the modern oceanography. Since Monaco has relentlessly pursued its involvement in the preservation of the oceans.

Very early on, Prince Rainer III supported the actions of Cousteau – appointed director of the Oceanographic Museum of Monaco for more than 30 years.

In 1976, the signing of the RAMOGE agreement between France, Monaco and Italy for the protection of the waters of the Mediterranean coast was an important step in the internationalization of the Principality’s message for ocean preservation. In 1982, Monaco ratified the United Nations Convention on the Law of the Sea. Since 2006, HSH Prince Albert II created his Foundation, the FPA2, in which he is actively involved in raising awareness among nations on climate emergency and degradation of the oceans issues on a global scale.

A first Environmental Fund, dedicated to the management of Marine Protected Areas in the Mediterranean, was created in 2013. The BeMed initiative to fight the plastic pollution in the Mediterranean was launched in 2015. Monaco has also contributed to the creation of the Because the Ocean initiative at COP21, to underline the essential role of the ocean in climate regulation and to encourage the IPCC to produce a Special Report devoted to the oceans and the cryosphere, made public in September 2019 in Monaco.

Monaco Ocean Week 2021

So that the key players in the world of the sea can come together to share their analysis of the major issues in the conservation of the marine environment, the Principality has initiated an annual event dedicated to the oceans – Monaco Ocean Week.

The three previous editions have made it possible to materialize many initiatives and to seal important commitments, such as the Monaco Manifesto for the Ocean published and signed by HSH the Sovereign Prince with the French and Italian ministers in charge of the marine environment, as well as the signing of the Pelagos Sanctuary headquarters agreement or the launch of the publication Natural Marine World Heritage in the Arctic Ocean highlighting seven sites in the Arctic region that may be of outstanding universal value and potentially fall under the status of the Arctic Ocea. World Heritage.

The 4th edition of Monaco Ocean Week will be held this year from March 22 to 27, 2021. The Monaco Scientific Center, Rosemont International and the Sowl Initiative are organizing an afternoon conference on “Blue and Sustainable Finance” on Wednesday March 24, 2021.

The target is to involve the private sector face to the climate change and the vulnerability of ecosystems, and to mobilize the financial sector, which plays an essential role in supporting changes and preserving the planet.

Among the speakers of this sustainable finance day, two panels of experts will meet for a webinar around Nathalie Hilmi, Doctor of Economic Sciences and Head of environmental economics at the Scientific Center of Monaco who will discuss the “blue” policy carried out by the Principality; and Patricia Cressot, responsible for the development of the African zone for the wealth management company Rosemont International, who will lead the discussion around the theme of Africa and its role to play in ecological transition.

The Monaco Ocean Week program is available here

Article: Joana Foglia – Photo: Greg LeCoeur photograph of the year 2020 and Pierre Frolla snorkeling with whales in Polynesian waters – Source: FPA2, Musée océanographique de Monaco, Monaco Now, Monaco Ocean Week