Monaco Blue Initiative
The Monaco Blue Initiative is a platform for discussion co-organized by the Oceanographic Institute, Foundation Albert I, Prince of Monaco and the Prince Albert II of Monaco Foundation, presided over by H.S.H. Prince Albert II of Monaco. Its members meet annually to discuss the most current global challenges for ocean protection and preservation. It is an effective platform for communication and exchange between the different sectors of activity and stakeholders concerned with the utilization of the ocean and its resources. The aim is to create synergies between stakeholders concerned with the protection of marine ecosystems and socio-economic development.
World fisheries are in decline. Aquaculture on the other hand is continuing its leap forward to address an increasing demand in seafood products, over half the production of which it now provides. Although aquaculture achieves high yields compared to land based farming, if poorly managed its growth is likely to lead to environmental damages. Their cost may be substantial, particularly in biodiversity hot spots such as Brazil and Latin America.
The discussions of the 2016 Monaco Blue Initiative organized in Sao Paolo, have shown that aquaculture is a main issue both in terms of economy and marine conservation. If conducted along circular economy guidelines, aquaculture can find its place within the Blue economy and contribute to address the challenges of economic development, food security, climate change and biodiversity.
The 2017 edition will be the occasion to develop the new perspectives of synergy between aquaculture and Marine Protected Area, including in the High Seas, and to assess the opportunity of development for sustainable fisheries and aquaculture in the Mediterranean.