To strengthen continuous tracking and research on major global issues, with a view to promoting economic recovery and sustainable development as well as enhancing the role of financial services, starting in 2021 the International Finance Forum (IFF) has decided to publish a Global Finance and Development Report (GFDR). The IFF GFDR aims to provide an annual assessment of global economic trends and prospects, financial development and innovation, and long-term challenges and policy issues based on cross-country data. It will be launched at the IFF’s Global Annual Meeting.
The inaugural issue of the IFF GFDR contains three chapters: Global Economic Outlook, Global Green Finance Development Index and Country Rankings, and Roadmap to Global Carbon Neutrality and China's Climate Actions.
To provide a scientific and comprehensive assessment on the global development of green finance, the IFF and China’s Central University of Finance and Economics jointly developed the Global Green Finance Development Index (GGFDI) along with corresponding country rankings to quantitatively measure the green finance development of the world's 55 largest economies from the perspectives of policy and strategy, product and market, and international cooperation.
| Overall | Policy and Strategy | Market and Products | International Cooperation | |
|---|---|---|---|---|
| France | 1 | 2 | 1 | 2 |
| UK | 2 | 1 | 6 | 2 |
| Germany | 3 | 17 | 6 | 4 |
| China | 4 | 3 | 8 | 5 |
| Netherlands | 5 | 9 | 3 | 11 |
| Japan | 6 | 5 | 11 | 1 |
| Sweden | 7 | 10 | 7 | 13 |
| Denmark | 8 | 11 | 5 | 20 |
| Spain | 9 | 12 | 10 | 6 |
| USA | 10 | 38 | 4 | 17 |
| Norway | 11 | 28 | 4 | 17 |
| Austria | 12 | 22 | 9 | 26 |
| Italy | 13 | 19 | 13 | 16 |
| Singapore | 14 | 13 | 15 | 25 |
| Mexico | 15 | 31 | 19 | 8 |
| Belgium | 16 | 16 | 18 | 21 |
| Chile | 17 | 14 | 27 | 12 |
| Switzerland | 18 | 20 | 22 | 14 |
| Ireland | 19 | 15 | 16 | 31 |
| Hungary | 20 | 4 | 17 | 34 |
| Portugal | 21 | 6 | 20 | 29 |
| South Korea | 22 | 7 | 25 | 24 |
| Brazil | 23 | 8 | 34 | 7 |
| Canada | 24 | 41 | 21 | 10 |
| Colombia | 25 | 29 | 23 | 19 |
| Poland | 26 | 23 | 14 | 33 |
| South Africa | 27 | 21 | 32 | 18 |
| New Zealand | 28 | 36 | 24 | 27 |
| Greece | 29 | 32 | 26 | 30 |
| Philippines | 30 | 27 | 29 | 32 |
| India | 31 | 46 | 28 | 15 |
| Indonesia | 32 | 24 | 36 | 23 |
| Thailand | 33 | 18 | 33 | 35 |
| Malaysia | 34 | 37 | 30 | 40 |
| Russia | 35 | 34 | 35 | 41 |
| Argentina | 36 | 30 | 41 | 28 |
| Czech | 37 | 33 | 31 | 47 |
| Peru | 38 | 35 | 37 | 36 |
| Australia | 39 | 51 | 38 | 22 |
| Romania | 40 | 26 | 43 | 42 |
| Egypt | 41 | 47 | 42 | 38 |
| UAE | 42 | 43 | 40 | 50 |
| Vietnam | 43 | 48 | 39 | 46 |
| Israel | 44 | 40 | 44 | 45 |
| Nigeria | 45 | 44 | 46 | 39 |
| Kazakhstan | 46 | 25 | 49 | 49 |
| Bangladesh | 47 | 42 | 48 | 44 |
| Turkey | 48 | 52 | 47 | 37 |
| Ukraine | 49 | 39 | 45 | 52 |
| Sri Lanka | 50 | 49 | 50 | 43 |
| Saudi Arabia | 51 | 50 | 51 | 48 |
| Pakistan | 52 | 45 | 52 | 51 |
| Iran | 53 | 54 | 53 | 53 |
| Iraq | 54 | 55 | 54 | 54 |
| Algeria | 55 | 53 | 55 | 55 |
From："IFF Global Finance and Development Report 2021"
