We are pleased to announce the results from the 2014 Global Green Economy Index™ (GGEI), where Sweden tops the rankings. You can access the GGEI report here:
4th edition of the GGEI
As the intensity of public and media discourse on the importance of greater clean energy investment increases, it is valuable to better understand how attractive different countries are as targets for this investment, as well as how they are perceived to be. This 4th edition of the GGEI offers one way to explore this interaction through data and indicators: it provides a ranking of how 60 countries and 70 cities perform around green markets & investment, as well as how expert practitioners perceive this performance. We perform this same measurement for three other dimensions of efficiency sectors, leadership & climate change and environment & natural capital.
Highlights from the report include:
- Germany (perception) and Sweden (performance) top the 2014 GGEI, confirming a trend observed in prior editions of strong results by Germany and the Nordic states. Besides performing well on both the economic and environmental areas of the GGEI, these nations display consistent green leadership and receive global recognition for it;
Covered for the first time in this edition,
- Costa Rica performs extremely well, ranking third on the GGEI performance measure behind Sweden and Norway and receiving strong recognition on the perception survey, an impressive result for such a small country;
Like in 2012,
- Copenhagen is the top green city as ranked by our survey of global experts, reinforcing the continued strength of the Danish green brand. Tracked for the first time this year, Vancouver and Singapore also rank in the top 10 of green cities.
Many of the fastest growing economies in the world rank poorly on the GGEI performance measure, highlighting an urgent need to reorient their economies to greener growth pathways. Regionally, these countries are mostly in Africa (Ghana), the Gulf (Qatar,United Arab Emirates), and Asia (Cambodia, China, Thailand, Vietnam);
More credit than deserved – Australia, Japan, the Netherlands, and the United States
There are concerning results related to more developed countries as well – notably Australia, Japan, the Netherlands, and the United States – where perceptions of their green economic performance dramatically exceed their actual performance on the GGEI. These countries appear to receive more credit than they deserve, an information gap that requires further exploration;
Despite its leadership founding the Global Green Growth Institute (GGGI), South Korea continues not to register as a green country brand on our survey and performs poorly, ranked 39th out of 60 on this year’s GGEI. Despite better perception results, Japan also performs poorly on the 2014 GGEI, ranked 44th out of 60;
While the United Kingdom performs adequately in most areas of the GGEI, it doesn’t excel on any one topic, possibly due to inconsistent political rhetoric and policy related to green economy there. While gradually improving in each successive GGEI edition, the UK still lags behind its northern European and Nordic competitors;
Better performance than communicted
Five European nations – Austria, Iceland, Ireland, Portugal and Spain – reveal performance scores that exceed their perception ones significantly – signaling an urgent need for better strategic communications and information exchange of their green merits and associated investment opportunities.
The GGEI results reveal a similar observation for a variety of non-European states – including Ethiopia, Mauritius, Rwanda and Zambia in Africa and Colombia, Chile and Peru in Latin America – again suggesting a need for these states to better position their green economies on the international stage.