Canada has no federal protocol for coastal carbon and no settled answer to who would own a credit. What would have to be in place before a Canadian salt marsh or eelgrass meadow could sell carbon, and why Australia's protocol did not solve it.
Where Things Stand
Collecting and processing ocean data has got cheaper and faster. Knowing what we are doing to the ocean has not. Observation, interpretation and assurance are three different problems.
A bank can be diversified by geography, sector and borrower, yet still depend on the same natural system. Canadian concentration rules do not ask banks to look for that exposure.
Where Things Stand
Flood, fisheries exposure, port disruption. Each one sits on a bank's register as its own category, and the ocean condition connecting them sits on none of them. What OSFI's climate guidance measures, what it leaves out, and why a risk nobody can measure well ends up mispriced.
Where Things Stand
Canada has spent hundreds of millions establishing marine protected areas. The harder question is whether the funding and governance behind them are built to last as long as the protection itself.
