• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families

2

Current price of oil as of June 17, 2026

3

Exclusive: Universal beat Disney as Hollywood's maker of the most expensive movie of all time 

1

The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families

2

Current price of oil as of June 17, 2026

3

Exclusive: Universal beat Disney as Hollywood's maker of the most expensive movie of all time 
Commentaryoceans

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

By
Olivier Wenden
Olivier Wenden
Down Arrow Button Icon
By
Olivier Wenden
Olivier Wenden
Down Arrow Button Icon
October 14, 2025, 5:00 AM ET
Olivier Wenden.
Olivier Wenden.courtesy Fondation Prince Albert II de Monaco
Add Fortune on Google for similar content.

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.

Recommended Video

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.

About the Author
By Olivier Wenden
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Commentary

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

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.


Latest in Commentary

cj
CommentaryIBM
IBM’s $17 million DOJ settlement makes the case for civility
By Carolynn JohnsonJune 16, 2026
2 days ago
Vietnam has bold plans for its economic future. It will need U.S. tech, capital, and speed to make them happen
CommentaryVietnam
Vietnam has bold plans for its economic future. It will need U.S. tech, capital, and speed to make them happen
By Brian McFeeters and Vu Tu ThanhJune 14, 2026
4 days ago
ivan
CommentaryMidwest
The Sun Belt boom is over. Midwest real-estate investors say ‘I told you so’
By Ivan BarrattJune 14, 2026
4 days ago
t
CommentaryTariffs
A quartz countertop tariff could double your kitchen renovation cost — and kill 13 jobs for every one it creates
By Steve SwedbergJune 14, 2026
4 days ago
nexstar
CommentaryAntitrust
Nexstar CEO: big tech swallowed local newspapers. Local TV could be next
By Perry A. SookJune 14, 2026
4 days ago
ravi
CommentaryWeather and forecasting
I spent 8 years flood-proofing a city. Capital markets are running out of time to take El Niño seriously
By Ravi S. BhallaJune 13, 2026
5 days ago

Most Popular

The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families
Economy
The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families
By Jacqueline MunisJune 17, 2026
18 hours ago
Current price of oil as of June 17, 2026
Personal Finance
Current price of oil as of June 17, 2026
By Joseph HostetlerJune 17, 2026
1 day ago
Exclusive: Universal beat Disney as Hollywood's maker of the most expensive movie of all time 
Arts & Entertainment
Exclusive: Universal beat Disney as Hollywood's maker of the most expensive movie of all time 
By Christian SyltJune 17, 2026
1 day ago
'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream
Success
'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream
By Nick LichtenbergJune 16, 2026
2 days ago
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
Big Tech
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
By Tristan BoveJune 15, 2026
3 days ago
Anne Hathaway says she was spammed with ChatGPT-written thank you notes after hiring a recent role: 'Nobody on that list gets that job'
Success
Anne Hathaway says she was spammed with ChatGPT-written thank you notes after hiring a recent role: 'Nobody on that list gets that job'
By Orianna Rosa RoyleJune 18, 2026
8 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.