search

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

Rebuilding the economy for a sustainable future

13-08-2020

Sustainability is one of the major market trends identified by Luxinnovation that will shape the post COVID-19 economy. Head of Market Intelligence Sara Bouchon speaks about how the increased awareness of sustainability issues brought by the coronavirus crisis will influence both policy makers’ choices and consumers’ preferences in the next few years.
Read more

How digitalisation will drive growth and transform society

12-08-2020

Digitalisation is one of the four megatrends identified by Luxinnovation that will radically transform business and society after the COVID-19 crisis. Market Intelligence Analyst Mohamed Toumi provides insights into how companies will need to transform their activity in the coming years to retain a competitive edge.
Read more

Luxembourg will host the European space resources innovation

11-08-2020

A cooperation agreement was signed between the Luxembourg Space Agency (LSA) and Luxembourg Institute of Science and Technology (LIST) in view of the creation by the end of 2020, in Luxembourg, of a European Space Resources Innovation Centre, called ESRIC in abbreviated form.
Read more

Luxembourg passport 4th best in the world

27-07-2020

Luxembourg passport holders are among those that have the most freedom to travel in the world. They can access 188 different countries without having to apply for a visa in advance.
Read more

Luxembourg 3rd best city for expats

22-07-2020

Luxembourg City ranks 3rd in the world among the most attractive locations for expatriates. The ranking focuses on financial aspects and lifestyle.
Read more

All news

Fermer