At #BEFF2025 Grethel Aguilar, Director General, IUCN called for realigning global finance with the realities facing communities on the ground for a healthy ocean. #FinanceForOcean #OceanAction #BlueEconomy

HSH Prince Albert of #Monaco opens #BEFF2025 by asserting that the ambition for the #BlueEconomy cannot take the form of retreat or inaction - doing so would be contrary to the needs of billions of people relying on the ocean for nutrition, mobility and health care. #FinanceforOcean

At #BEFF2025 panel on financing transboundary #conservation programmes, Sinikinesh Beyene Jimma w. @unep.org highlights the Global Fund for Coral Reefs as an example of #BlendedFinance that strengthens #resilience of #Coastal #ReefEcosystems, #LocalCommunities and economies. #FinanceForOcean

"The blue economy and finance sectors have a vital role to play in transforming our systems at scale. The path is clear, the journey is long — but together, we move forward."

#OceanAction #BlueEconomy #MonacoBlueInitiative #Sustainability #FinanceForOcean #BEFF2025 #MBI2025

In the #BEFF2025 panel on ports and #coastal infrastructure adaptation, one panelist stressed that investment can shape the #EnergyTransition as much as the technology, and underscored that they journey from research to commercialization is non-linear. #BlueEconomy #FinanceForOcean #OceanAction

He continues that “Decarbonizing is not free," explaining that the need for technology development, alternative fuels, and new data to improve efficiency and develop guidelines for the #shipping sector is only possible with investment. #FinanceForOcean #BlueEconomy

During the #BEFF2025 panel on #shipping, panelists highlighted decarbonization of the sector as a prerequisite for a sustainable #BlueEconomy. To stay on the right track for this energy transition, one panelists highlighted the need for “tools, rules and fuels”. #FinanceForOcean #OceanAction