Sustainable Financing Mechanism for Mediterranean Marine Protected Areas - Nature-based Solution Coalition Proposed Contribution of the Permanent Mission of the Principality of Monaco

The Principality of Monaco has a long-standing commitment to develop and promote MPAs. Among the initiatives undertook, Monaco set regional tools in cooperation with its neighboring countries such as the Pelagos Agreement1, establishing the Sanctuary for Mediterranean Marine Mammals in Mediterranean Sea, for which Monaco is the depository.