VCM Investment Attractiveness Index
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The VCM Investment Attractiveness Index evaluates and ranks countries on the attractiveness of their voluntary carbon market investment and development opportunities, using indicators reflecting national economic, political and environmental conditions. Explore our ranking of the top 40 countries and find out how the list was compiled.
Top 40 ranking and Index scores
Top 40 breakdown
The Index consists of three pillars, each scored out of 100, with each pillar comprising a series of indicators. Indicator scores are normalised here from one to five. Pillars and indicators have varying weights in determining the overall Index score.
Note: To view the full interactive functionality and additional data of the index open it on a larger screen device.
Rank | Country | Score |
---|---|---|
1 | Kenya | 78.0 |
2 | Mexico | 78.0 |
3 | Peru | 73.7 |
4 | Ghana | 72.8 |
5 | Malawi | 72.6 |
6 | Ethiopia | 72.4 |
7 | Cambodia | 72.0 |
8 | Bangladesh | 71.3 |
9 | Indonesia | 69.3 |
10 | Thailand | 68.5 |
11 | Mongolia | 67.3 |
12 | Viet Nam | 67.0 |
13 | Colombia | 66.6 |
14 | Nigeria | 65.3 |
15 | Madagascar | 62.9 |
16 | Nepal | 62.7 |
17 | Chile | 62.5 |
18 | Uruguay | 62.0 |
19 | Guatemala | 61.9 |
20 | Uganda | 61.8 |
21 | Myanmar | 61.6 |
22 | Mozambique | 61.5 |
23 | Senegal | 60.3 |
24 | Zambia | 59.8 |
25 | Honduras | 58.4 |
26 | Rwanda | 58.4 |
27 | Brazil | 57.9 |
28 | Philippines | 57.9 |
29 | India | 57.6 |
30 | Lao PDR | 56.9 |
31 | Papua New Guinea | 56.6 |
32 | Costa Rica | 54.9 |
33 | Panama | 54.8 |
34 | Dominican Rep. | 54.6 |
35 | Ecuador | 54.1 |
36 | Cameroon | 53.6 |
37 | South Africa | 53.2 |
38 | China | 53.1 |
39 | Pakistan | 52.6 |
40 | Bolivia | 52.5 |
Our methodology
The VCM Investment Attractiveness Index was designed to provide capital allocation risk insights to investors and to aid governments in setting carbon market-friendly policies. It is built around three pillars which analyse countries' investment landscapes, their readiness to engage with new Paris Agreement carbon markets and the opportunity for the VCM to improve environmental and social conditions.
You can also read more on our blog.
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