In a year marked by environmental setbacks worldwide, the Prince Albert II of Monaco Foundation stood firm in its mission to protect the planet, launching bold new initiatives, uniting global stakeholders, and expanding its influence across oceans, finance, education and innovation.
Released at the end of April, the Prince Albert II of Monaco Foundation’s 2024 Annual Report offers a comprehensive look at an ambitious year of environmental leadership. With over €9.8 million invested in field projects across more than 90 countries, the Foundation reaffirmed its commitment to safeguarding nature through innovation, cooperation and bold policy engagement.
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Blue economy gets a major boost
Among the year’s flagship developments was the continued rollout of the ReOcean Fund, a €100 million private equity vehicle designed to support scalable, ocean-positive solutions. Launched in partnership with Monaco Asset Management, the fund backs initiatives in marine ecosystem restoration, plastic pollution reduction, green shipping and blue food.
Further anchoring Monaco’s leadership in ocean finance, the Foundation unveiled the Blue Economy Index—a tool to guide environmentally responsible investment choices in key sectors like waste management, sustainable fisheries and water treatment.
Monaco Ocean Week puts action centre stage
The Foundation’s convening power was clearly visible during Monaco Ocean Week 2024, which featured over 50 events. From ocean governance and sustainable yachting to scientific panels and cultural programming, the event solidified the Principality’s global role as a driver of ocean conservation.
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The 15th Monaco Blue Initiative addressed emerging priorities ahead of the 2025 UN Ocean Conference in Nice. Other key events included the Ocean Innovators Platform and the announcement of the Beyond Plastic Med 2024 winners.
Educating future generations
2024 also saw significant progress in youth engagement and public awareness. The Re.Generation Future Leaders Program continued to train emerging voices in environmental leadership, while initiatives like Students on Ice, the urban school garden scheme, and Monaco’s participation in the international writing competition brought environmental education to classrooms and communities. The Foundation also expanded its cultural impact with the Green Shift Festival, the Environmental Photography Award and panel discussions on sustainable fashion and ecological storytelling.
High-level pledges and global influence
The Foundation’s diplomatic and philanthropic reach expanded further in 2024. Prince Albert II of Monaco personally announced a $60.8 million multi-donor pledge for Mediterranean marine conservation at the Our Ocean Conference in Athens. Monaco also became the first European and Mediterranean country to ratify the UN High Seas Treaty, reinforcing its position at the forefront of global ocean protection.
Looking ahead, the Foundation is co-organising the Blue Economy and Finance Forum as part of the UN Ocean Conference in June 2025.
A determined path forward
As global environmental challenges mount, the Prince Albert II of Monaco Foundation has made clear that retreat is not an option. Its 2024 annual report reflects a year of unwavering resolve, smart investment and inclusive engagement—laying strong foundations for continued leadership in 2025 and beyond.
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Main photo: Prince Albert II at the Young Activists Summit. Photo source: Prince Albert II of Monaco Foundation