Monaco is preparing to host what could be the most significant ocean finance gathering in history, with organisers taking a direct approach that prioritises deployed capital over conference promises.
The Blue Economy and Finance Forum (BEFF) will be held on 7th and 8th June and is focusing entirely on real money already working in ocean sustainability rather than grand announcements.
During an exclusive briefing led by Robert Calcagno, CEO of the Oceanographic Institute alongside Pascal Lamy, Political consultant, Léa Calori from the princely government, Olivier Wenden Vice President and General Director of the Prince Albert II Foundation, and Olivier PA Poivre d’Arvor from UNOC, organisers presented stark figures that underscore the forum’s urgency.
Ocean conservation requires €175 billion annually to achieve UN Sustainable Development Goal 14. Currently, only €25 billion flows into this critical area. The forum’s mission is straightforward: bridge the gap with actual deployed capital.
“We have refused to highlight new announcement effects. There will be no billions announced, but rather a sum of existing projects that actually work,” explained Robert Calcagno.
The forum’s three-wave structure will showcase €25 billion already successfully deployed into ocean sustainability projects worldwide—representing actual money rather than theoretical commitments.
For the first time, the world’s most powerful institutional investors will meet privately aboard Ray Dalio’s exploration vessel OceanXplorer to discuss blue economy investments. Prince Albert II will host alongside the World Economic Forum, marking a significant shift from charity-driven ocean conservation to serious institutional finance.
The world’s 10 largest shipowners—controlling 85% of global maritime transport—will publicly unite for the first time, signing a decarbonisation charter alongside major ports. This unprecedented collaboration will see executives from typically fierce competitors like CMA CGM and Maersk appearing together.
Their target is complete maritime decarbonisation by 2050 through an IMO agreement scheduled for October adoption.
Monaco’s ocean energy innovation
Held just weeks after the iconic Monaco Grand Prix, questions persist about luxury tourism’s environmental impact, however Monaco has quietly established itself as a pioneer in ocean energy. The Principality generates 18% of its energy from the sea through thalassothermal loops, recovering heat in winter and coolness in summer directly from seawater.
Implemented by the Société des Bains de Mer, this system demonstrates how luxury tourism and sustainability can work seamlessly together—exactly the model the forum aims to scale globally.
BEFF will introduce biodiversity credits specifically designed for ocean conservation, developed over two years to avoid the pitfalls that affected carbon credit markets. These credits will connect ocean protectors with companies seeking to defend marine environments locally.
The forum will open with concrete success stories, featuring companies with over €3 billion turnover from sustainable algae production, certified by gold-standard ASC and MSC labels. These businesses prove ocean sustainability delivers financial returns.
BEFF integrates directly with the UN Ocean Conference. As Robert Calcagno notes, they “are not two different things.” Results will be presented to the UN, with France leading resulting coalitions through the “Nice Action Plan for the Ocean,” potentially creating the first “COP Ocean” before 2026.
Robert Calcagno captured the forum’s significance: “This is one of the rare moments in history when what is just for our planet coincides fully with the interest of investors.”
Monaco’s Blue Economy and Finance Forum will bring together 1,500 entrepreneurs with the complete spectrum of finance—from heads of state to private equity—around one fundamental principle: deployed capital over empty promises.
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Photo credit: Cassandra Tanti, Monaco Life