Costs and Benefits
Combining mitigation with reducing the financing gap for adaptation to climate change through a charge-and-cap scheme (aka cap-and-charge) delivers great value. It can be shown through a value innovation canvas.
Value Innovation of IMERS compared with Cap & Trade for Shipping
- IMERS is an efficient alternative to emission trading and delivers:
- Maximum efficiency with minimum rate
- Near-term emission reductions, AND stimulation of longer term technology innovation & transfer
- AND reduces the adaptation financing gap by $4bn/pa WITHOUT constraining economic growth!
The costs are as low as $1 for $1,000 of imported goods, the emissions are halved and developing countries will benefit from the $4bn financing contribution for adaptation to climate change.
The details are provided in the Value Innovation, Costs, and Benefits pages below.