Monaco. Passionate about the Sea

Part of your efforts are devoted to the development of Marine Protected Areas (MPAs). Are you not concerned that the cost of doing so limits their number, notably in developing countries?

Strengthening existing marine sanctuaries and developing new ones requires the creation of innovative financial mechanisms such as the environmental fund for MPAs, particularly in developing countries. Local actors are today aware of the benefits of these sanctuaries, and we must ensure their long-term support. The environmental fund must enable us to maintain ecosystems in good health and to generate economic activities such as environmentally sustainable and responsible fishing and tourism. The recurring cost of maintaining MPAs is indeed quite high, but the latter must be considered on a par with other essential activities such as the monitoring of ecosystems or the development of suitable areas—and the cost of not establishing and maintaining MPAs would in any case be much higher in the long run.

S.A.S. le prince Albert II de Monaco

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