Global Green Finance Index March 2020Published by London-based commercial think-tank Z/Yen, the Global Green Finance Index (GGFI) is a benchmark publication covering the development of green finance in financial centres. It is based on a worldwide survey of financial professionals’ assessments of the quality and depth of green finance offerings in financial centres.

Luxembourg 2nd in depth, 6th in quality

In the GGFI edition published in March 2020, Amsterdam is considered as the world leader in terms of the depth of green financing, with Luxembourg in 2nd place and Copenhagen in 3rd. Luxembourg improved its rating quite considerably compared to the previous edition and retains its 2nd place.

London comes out on top in the green finance quality ranking, followed by Amsterdam, Zurich, Stockholm and Copenhagen. Luxembourg ranks 6th, up one place compared to last year. The country gained 24 points in the rating.

If the depth and quality ratings are combined, Luxembourg ranks 4th internationally after Amsterdam, Zurich and London.

Z/Yen comments that there is a growing confidence in the development of green finance across all regions, with almost all financial centres receiving increased ratings. The index is strongly dominated by financial centres in Western Europe, a fact that according to Z/Yen “reflects the continuing work being undertaken by European financial institutions, central banks, regulators, and the European Union to embed sustainability in their regulatory work”.

Luxembourg world leader in human capital, 2nd in sustainability

The GGFI is built on criteria divided into four main areas of competitiveness:

  • Sustainability: green finance activity, environment and biodiversity, renewable energy, quality of life
  • Infrastructure: built infrastructure, ICT infrastructure, transport infrastructure, fossil fuel usage
  • Human capital: availability of skilled personnel, flexible labour market, wealth and economy, governance
  • Business: political stability and rule of law, institutional and regulatory environment, tax and cost competitiveness, economic development

Luxembourg tops the ranking for human capital, ahead of Copenhagen and Stockholm. The country is also 2nd in the world in the area of sustainability, behind Zurich and ahead of Copenhagen.

In addition, Luxembourg ranks 3rd in the field of business and 6th in infrastructure.

Photo: © Luxinnovation/Sabino Parente

Read more

Luxembourg 7th most resilient economy in the world


The ability of a country's business environment to withstand disruption and recover strongly is crucial for the individual companies that operate there. Luxembourg ranks as the 7th most resilient economy in the world, in particular due to its strong economy.
Read more

University of Luxembourg develops COVID-19 exit strategy simulator


Experts at the University of Luxembourg have developed an online tool to simulate the impact of COVID-19 exit strategies. This unique project offers a method for modelling the impact of different measure on the spread of the disease in almost 100 countries around the world.
Read more

COVID-19: The impact on clean technologies


Will the effects of the COVID-19 pandemic stimulate cleantech innovation and the uptake of environmentally friendly technologies, or will it bring cleantech investment to a standstill? This question was debated at the Cleantech Interactive session organised on 19-20 May 2020 in collaboration with Luxembourg partners.
Read more

15 innovative start-up projects to combat COVID-19


15 Luxembourg start-ups will receive €150,000 each to develop innovative solutions aimed at combatting the effects of the COVID-19 pandemic crisis.
Read more

Coronavirus bailouts: Luxembourg among the most generous


Many countries have launched rescue packages to help alleviate the economic consequences of the coronavirus-related lockdown. A recent article by the BBC lists Luxembourg's economic stabilisation programme as one of the most important in the world.
Read more

All news