On the occasion of the « Our Ocean » Conference held in Bali on October 29 and 30 2018, the International Coral Reef Initiative (ICRI) and UN Environment organized a high-level side-event on “The Future of Coral Reefs in a Sustainable Blue Economy” with the participation of His Serene Highness Prince Albert II of Monaco and Erik Solheim, Executive Director, UN Environment Programme. The event was an opportunity to discuss the urgent action and new financing required to save the world’s coral reefs. As reminded many times during the event, the recent Intergovernmental Panel on Climate Change highlighted the need for urgent action to save coral reefs from possible extinction by mid-century. Healthy coral reefs directly contribute to achieving many Sustainable Development Goals and more generally to a sustainable blue economy. But with current global coral reef decline due to rising ocean temperature, overfishing, and pollution from land, we risk losing an irreplaceable source of livelihoods, food and economic opportunity.