In the evaluation period of 2022, rankings were established based on the scores derived from the Global Green Finance Development Index (GGFDI) indicator system. It is worth noting that no distinction was made between developed and developing countries in the compilation and ranking process. Rather, the indicator results solely reflect the green finance development status of each country.
Based on the comprehensive scoring, the top ten countries consist of the United Kingdom, France, China, Germany, Sweden, Japan, Canada, Denmark, the Netherlands, and Italy. Following closely are Singapore, the United States, Norway, Austria, Spain, among others. In general, these leading nations predominantly represent developed economies, demonstrating their advanced economic status and well-established financial markets, which underscore their significant achievements in the realm of green finance development. It is noteworthy that that China stands as the only developing country within the top ten rankings. Portugal, positioned at the median score, represents the midpoint among countries, with 77.78% of those scoring above the median being developed economies. This highlights the significant role played by economic and financial infrastructure in advancing green finance development. China has demonstrated notable advancement in green finance among developing nations, surpassing Mexico by a margin of 17 positions. Meanwhile, countries with lower rankings are predominantly found in Africa, the Middle East, and Central Asia.
The Global Green Finance Development Index is structured around three key components: Policy and Strategy, Market and Products, and International Cooperation. These dimensions offer insights into the varied priorities and strategies adopted by countries in their pursuit of green finance development. For instance, while some developing nations have launched policy-driven green finance initiatives, they still grapple with the establishment of robust green finance markets.
We have prepared a brief overview of the Global Green Finance Development Index Report in English, providing you with the most up-to-date insights on the current state of green finance development worldwide.