China Construction Bank Global Green Finance Index 18: Supplement "Changing Lanes For Transport – Technology, Geopolitics, And Financial Services"

The eighteenth edition of the China Construction Bank Global Green Finance Index (CCB GGFI 18) was published on 29 October 2026. CCB GGFI 18 evaluates green finance offerings from 94 major financial centres around the world. The CCB GGFI serves as a valuable reference into the development of green finance for policy and investment decision-makers. Ho Chi Minh City and Kuwait City feature in the index for the first time.

In 2026, the China Construction Bank offered sponsorship for the index, which is now titled China Construction Bank Global Green Finance Index.

There has been a continuing rebound in confidence in the development of green finance in financial centres. In this edition of the index, the average rating was up 3.89% compared with CCB GGFI 17, with all centres improving in the ratings. The data on which the index is based was largely collated after the start of the recent conflict in the Middle East.

Western European centres dominate the leading positions in the index, which reflects their history of developing green finance products and expertise. Asia/Pacific centres continue to make gains in this edition of the index. The policy background and the general commitment of a city or jurisdiction to sustainability is a strong influence on the depth and quality of green finance in a financial centre.

Among those responding to the CCB GGFI survey, Sustainable Infrastructure Finance, Renewable Energy Investment, and Environment, Social, And Governance (ESG) Analytics are rated as the areas of green finance with most impact, while Sustainable Infrastructure Finance, Renewable Energy Investment, and Green Bonds are seen as the areas of most interest.

Policy and Regulatory Frameworks, Technological Change, Climate Change, and Tax Incentives are listed by respondents as the major drivers of green finance. These underline the importance of regulatory frameworks in green finance.

In the supplement to this edition of the CCB GGFI, we focus on the shift of energy in transport across road, rail, aviation, and shipping.

Index Results

• London and Singapore retained their positions in first and second place in the index. Amsterdam rose to third position, while Geneva and Zurich took fourth and fifth positions.
• Western European centres take nine of the top 10 places. Singapore is the only Asia/Pacific centre in this leading group.
• The margins separating centres at the top of the index are small. Among the top 10 centres the spread of ratings is just 10 points out of 1,000 in CCB GGFI 18.
• Eight centres rose 10 or more places in the rankings. Four centres fell 10 or more places.