Based on the indicator system of the local governments’ green finance development，the Report concludes the green finance development index scores of the 31 provinces and divides these provinces into different echelons，indicating the ranking of the 31 provinces in both the government and the market dimensions. Overall，the six provinces that are home to the pilot zones for green finance reform and innovation，including Guangdong，Zhejiang，Jiangxi，Xinjiang，Guizhou，and Gansu，stayed in the top echelon in 2020 with the distinctive performance of each indicator. The major cities in the Beijing-Tianjin-Hebei Region，the Yangtze River Delta Area，the Pearl River Delta Area，and other economically developed regions are located in the first echelon，with relatively high general evaluation scores. There is a huge gap between the scores of the green finance policy and the market practice of some provinces，which means that their policy implementation is problematic. On the one hand，these results are influenced by the less developed economy and the inactive financial market of the less developed regions. On the other hand，these results reflect the lack of accordance between green finance policy-making and local reality，as well as the lagging of policy implementation effect. There is a certain positive correlation between a region’s overall performance in green finance development and its position in financial ecology rankings：a higher level of economic，financial and regional development tends to promote green finance policy rollout and market implementation. In the future，under the guidance of China’s carbon emissions peaking and carbon neutrality targets，China’s 31 provinces will continuously promote the development of green finance，construct a more sophisticated policy system，and promote the implementation of different measures. In addition，green finance will play a more important role in helping local governments achieve green development goals by optimizing resource allocation，improving risk management，and enhancing market-based pricing mechanisms.