The Copenhagen Consensus is a project that establishes priorities for global welfare. It was set up in 2004 by gathering some of the world’s greatest economists to improve prioritisation of the numerous problems the world faces and the process has been repeated every four years. The expert panel’s task is to create a prioritised list of solutions to the ten greatest challenges, showing the most cost-effective investments. This is a way to identify the areas of spending which could achieve the most good, and to bring more attention to them. It is also a way of identifying areas where there isn’t enough research, or where the benefits are not as big as might be assumed. The third Copenhagen Consensus 2012 Expert Panel found investments to reduce hunger and undernutrition to have powerful positive benefits, both intrinsically and instrumentally.