It creates strong incentives to develop and deploy green technologies for the most cost-effective emission reductions across a wide range of sectors and technologies.

It pays strictly according to actual impact.

It limits cost by means of a fixed annual budget and secures cost-effectiveness through competition among a wide variety of green innovations.

It motivates originators actively to support cost-free deployment of their innovations by helping with installation and know-how, and even through subsidies to poor buyers - to the extent that the additional green impact rewards earned by such efforts are expected to outweigh their cost.

It is funded by the main beneficiaries of historical emissions, ensures ample rewards to participating innovators, supports developing countries in their green transformation, and reduces the dangers of climate change for all and especially for the most vulnerable.

It advances sustainable industrial and technological development in low-income countries (SDG 9) and could immediately mitigate emissions to reduce climate change (SDG 13), including through helping to support access to clean energy (SDG 7) while strengthening international partnership (SDG 17).