Design of IMERS has been strongly influenced by strategy and management best practices as well as lessons learned from development of large scale market-places.
The transaction costs are minimized by applying centralized solutions and eliminating intermediaries that do not add value.
Unnecessary or low-quality data are eliminated, cost of compliance and effort of end user are limited to minimum. Elements that add value are raised. Adaptation funding and Technology Fund are created as new features within the overall low cost.
This is shown in outline below using the framework from the Blue Ocean Strategy.
Value Innovation of IMERS compared with Cap & Trade for Shipping
For more details see Value Innovation section.