1997 |
Kyoto Protocol identifies six greenhouse gases to restrict globally |
1998 |
Carbon footprint metrics are published |
2002 |
Initial climate risk reporting framework is developed |
2011 |
Carbon bubble hypothesis is proposed |
2013 |
China pushes for green lending and investments |
2014 |
Primary green bond taxonomy is created |
2015 |
Governor Mark Carney details climate-related financial risks to European business leaders |
2015 |
World leaders commit to restrict temperature increases to no more than 2 degrees Celsius at the United Nations Climate Change Conference in Paris |
2015–2016 |
California pension funds and insurance regulator urge divestment from thermal coal |
2016 |
The French government implements the French Energy Transition Law |
2016 |
Financial supervisors and regulators convene to form a working group to address climate risks in the insurance sector |
2017 |
Task Force on Climate-related Financial Disclosures publishes its recommendations |
2017 |
One Planet Summit highlights tackling financial risks as a critical strategy for addressing climate change and Climate Action 100+ is launched |
2017 |
Financial supervisors and regulators convene to form a working group to address climate risks in the banking sector |
2018 |
Leading climate risk reporting frameworks incorporate Task Force on Climate-related Financial Disclosures recommendations |
2018 |
Scenario analysis is used by banks, insurers, and pension funds to evaluate climate risks with a 2 degrees Celsius target in mind |
2018 |
United Nations Intergovernmental Panel on Climate Change and United States National Climate Assessment reports stress importance of a 1.5 degrees Celsius target |
2019 |
Reporting framework and scenario analysis tools recalibrate to evaluate risks with a 1.5 degrees Celsius target in mind |
2019 |
Bank of England releases climate-related simulations for catastrophe modeling |
2019 |
European Union starts implementing its action plan on sustainable finance |
2019 |
United States considers moving forward with the ESG Disclosure Act, the Climate Risk Disclosure Act, and a Green New Deal |
2020 |
Europe moves forward with a European Green Deal |
2020 |
China considers a national climate disclosure law and dedicates over a trillion dollars to a range of low-carbon technologies |