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Commentaryoceans

The $2.5 trillion ocean economy is at a crossroads. Capital must act now

By
Olivier Wenden
Olivier Wenden
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By
Olivier Wenden
Olivier Wenden
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October 14, 2025, 5:00 AM ET

Olivier Wenden is Vice Chairman & CEO, Fondation Prince Albert II de Monaco, one of the world’s foremost philanthropic institutions dedicated to environmental conservation. Prior to his appointment, Wenden was Executive Director and Secretary General at the foundation.

After earning his degree from Sciences Po Bordeaux in public affairs and economy, he pursued a trilingual Master’s in international trade at Université Paris Sorbonne Nouvelle. Upon his return to Monaco, Wenden served as Chief of Staff and International Affairs Advisor to the President of the Conseil National de Monaco and Chargé de Mission to the Minister of Foreign Affairs and Cooperation of the Government of Monaco, between 2007 and 2013.

Olivier Wenden.
Olivier Wenden.courtesy Fondation Prince Albert II de Monaco

Today, the blue economy, valued at roughly $2.5 trillion annually, stands at a crossroads: either we continue business as usual — with staggering ecological, social, and financial costs — or we finance deployment at scale, so the ocean remains our most powerful ally for climate, biodiversity, and prosperity.

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There are reasons for hope. Surpassing the 60 state ratifications needed, the High Seas Treaty will finally enter into force in January 2026 — a breakthrough for international law and marine biodiversity, and proof that multilateralism can still deliver. The global pledge to protect 30% of land and sea by 2030, the prohibition of harmful fishing subsidies at the WTO, new shipping emission-reduction measures from the IMO, and negotiations for a global plastics treaty are further signs that governments increasingly view the ocean not as an infinite frontier but as a common good that demands stewardship.

But policy alone will not be enough. Innovation must rise to meet it. Commitments must be matched with resources.

Worldwide, a wave of visionary entrepreneurs is building the foundations of a new blue economy — recyclable and biodegradable packaging, advanced waste-management systems, low-impact aquaculture, community-based fisheries, regenerative tourism, clean-tech for shipping and yachting, and eco-engineered coastal infrastructure. What was once niche is now reshaping entire value chains and redefining how industries operate.

New financing approaches are beginning to match these solutions. Blue bonds and blended-finance mechanisms are raising capital for ocean conservation – as we did with the Paul G. Allen Foundation when launching the Global Fund for Coral Reefs. And a growing ecosystem of funds dedicated to the blue economy is emerging, offering investors opportunities to support promising companies while advancing measurable impact.

At the Prince Albert II of Monaco Foundation, we believe in leading by example. That is why we created the ReOcean Fund with Monaco Asset Management — a €100 million growth fund dedicated to scaling businesses that advance the sustainable blue economy. We have already secured $73 million in commitments, including a new commitment from the Minderoo Foundation, announced by Dr Andrew Forrest AO on the Nasdaq stage during New York Climate Week. Our goal: invest in 15–20 companies across five priority areas — solutions to plastic pollution, sustainable blue foods, green shipping, ocean intelligence, and the protection and restoration of marine ecosystems.

These priorities are already visible in practice: NatureMetrics is providing AI-powered biodiversity monitoring to give decision-grade data on risk and resilience; in New York City, ECOncrete’s living coastal infrastructure, part of the $114 million Living Breakwaters project, reduced required mitigation costs by about 80% — saving nearly $14 million, showing how ecological design delivers financial savings. These are not philanthropic gestures. They are investable, scalable solutions that align environmental protection with economic value.

What must happen next?

First, treat the ocean as an investable market. The ocean regulates our climate, supports global trade, and feeds communities. Investments that restore ecosystems, green maritime transport, and build resilient blue-food systems are not “nice to have”; they are foundational to economic growth.

Second, scale blended finance with purpose. Governments and development banks should partner with mission-driven funds and philanthropies to de-risk innovation and speed deployment, while holding projects to measurable environmental and social outcomes.

Third, standardize decision-grade data and impact frameworks. Investors and regulators should adopt transparent, comparable metrics so capital rewards genuine impact, not greenwash.

Fourth, turn early innovations into established asset classes. We need portfolios of solutions across plastics, blue food, shipping, restoration, and data that can scale together, creating jobs and resilience while restoring the ocean.

This is not a choice between protecting the ocean and growing the economy. It is a call to recognize that the two are inseparable. For investors, policymakers, and business leaders, the time has come to seize the momentum, champion innovation, and finance the blue transition.

We cannot afford another decade of declarations without resources. The ocean cannot wait. If we succeed, we will do more than safeguard the ocean. We will prove that investing in harmony with nature is the smartest bet of the 21st century.

The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.

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