In recent years, public sector funding, in general, and for the support of activities in developing countries, in particular, has become more and more “results” and “performance” oriented. There are different methods by which performance can be “indicated” (or even “measured”)....

The primary question addressed in this paper is: How would different governance priorities affect the institutional arrangements for a credible financing mechanism in the climate regime? The paper argues that tradeoffs are inevitable in climate finance negotiations, so it is important to...