Global Green Finance Index – second edition launched

Amsterdam and London have topped the latest global ranking of green financial centres, according to the latest edition of the Global Green Finance Index which was funded by MAVA. But overall scores reflect that the share of financial markets that can be considered sustainable remains very low.

The Global Green Finance Index (GGFI) is published every six months and ranks glboal financial centres according to the depth and quality of their green finance offerings. The findings of the new report are:

– Amsterdam and Copenhagen came first and second for depth, pushing London into third place.

– In the quality rankings, Paris moved up three places to second, with London retaining its top spot.

– In North America, Montreal came first for depth and San Francisco first for quality

– Shanghai, Casablanca, Sao Paulo and Prague topped the rankinsg for both depth and quality in their regions.

– The biggest improvers were San Francisco, Toronto, and Vienna, which moved up five or more places in the depth index. Munich, Copenhagen, Toronto, and Madrid moved up five or more places for quality.

– Paris, Frankfurt, and Singapore led the centres most cited as likely to become more significant over the next two to three years.

– Renewable energy investment, sustainable infrastructure finance, and green bonds remained the areas of most interest.

– There was increasing interest in fossil fuel disinvestment, carbon disclosure and green insurance.

– The data suggest that leadership on quality of life issues may be an enabling factor for the growth of green finance.

André Hoffman, MAVA President said:

Financial centres are uniquely well placed to drive the changes in incentives and understanding needed to achieve sustainable economic transition. This report underlines the strong support among market participants for policymakers to intervene, both to catalyse growth in this sector and to shape the financial system to support sustainability goals.

Further analysis of the data and trends in  green finance development can be found in the full report. Download it here.

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