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Multilateral development institutions often use performance-based allocation (PBA), mathematical formulas based on a list of performance criteria, to inform the allocation of development assistance or environmental funding. The way the formulas are designed can have material and often unintended consequences on the allocation of funds; this paper highlights a particular problem called the ‘cardinal fallacy’. Read more

Investing in clean energy systems and technologies is just as urgent a priority for fragile and conflict-affected situations as it is for more stable environments, and a positive feedback loop exists between securing access to clean energy, state-building and peace, argue Camilla Sacchetto, Nicholas Stern and Charlotte Taylor. Read more