‘Fungibility’ could sink Convention on Biodiversity’s funding mechanism Decision 15/9 (commentary)

Mongabay
Jul 17, 2024, 10:44 am245 pts
That common sense is anything but common is a truism. Professors of economics often invoke common sense to explain resource allocation. The fungibility problem is exemplary. This esoteric term comes from finance and is synonymous with “adverse selection”: an economic policy selects adversely whenever the…

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