While offering immense resources, producing 50 % of the oxygen we breathe and absorbing 25 % of the world’s green gas emissions, the global ocean is threatened by pressures from climate change, pollution, plastics and overfishing.
Today, based on the marine gross product, the ocean is the 7th largest economy in the world and the overall estimated value of key ocean assets represents more than 24 trillion USD.
Yet, only 4% of the global ocean enjoy protected status. Besides, if current fishing rates continue, the world’s fisheries will collapse by 2048 and at current rates of temperature rise, coral reefs will disappear by 2050. Emblematic marine species are also threatened with extinction, such as sharks with one hundred million kills every year.
Facing this global challenge of unprecedented magnitude, the Prince Albert II of Monaco Foundation is taking action to curve the trend and promote a sustainable ocean to create a new alliance between humanity and the ocean - alone capable of guaranteeing our future.
The Monte-Carlo Gala for the Global Ocean first edition, held in September 2017, enabled the Foundation to provide a multi-annual support to marine conservation projects worldwide. Click here to see the portfolio of marine projects implemented in 2017/18.
The 2018 Monte-Carlo Gala will focus on 8 priority initiatives: