Macron Advocates for Blue Economy at Monaco Forum
Macron calls for financial mobilization for the blue economy at Monaco Forum.
Key Points
- • Macron urges investment in the blue economy at Monaco Forum.
- • Emphasizes ocean conservation's economic potential.
- • Calls for public-private partnership for effective initiatives.
- • Visit marks the first by a French president to Monaco since 1984.
French President Emmanuel Macron delivered a pivotal speech at the Forum on Blue Economy and Finance in Monaco, calling for immediate mobilization of financial resources to protect the oceans. Emphasizing the vast economic potential of the blue economy, valued in the trillions, Macron stated, "We have the duty to mobilize. There is no fatality," highlighting that the decline of marine ecosystems is not inevitable.
In his address, Macron proposed several initiatives to support ocean conservation, including coral reef restoration in the Maldives, algaculture in Tanzania, blue carbon credits in Fiji, and the establishment of green ports. He insisted on merging public incentives with private investment to make significant impacts on ocean preservation.
Prince Albert II of Monaco supported Macron's views, advocating for collaborative investment in sustainable blue initiatives and called for enhanced global governance for marine ecosystem protection. Notably, Macron's visit is the first by a French president to Monaco since 1984, reinforcing Franco-Monegasque relations regarding ocean economy issues.
As discussions at the forum unfold, the 3rd UN Ocean Conference is set to commence in Nice, attracting over 50 global leaders, marking a critical moment for diplomatic engagement in the fight for ocean conservation.