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Geometric meaning of localization at $(1+I)$?

Let $I\vartriangleleft A$ be an ideal of a commutative ring. Consider the submonoid $1+I\subset A$. What is the geometric interpretation of localization at this submonoid? How does it relate to the ...
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1 vote
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Local cohomology commuting with fiber

Let $A$ be a nice commutative ring (say, $A=k[t_1,\ldots , t_n]$, ring of polynomials over an algebraically closed field $k$). Let $M$ be an $A[x]$-module, which is finitely generated as an $A$-...
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