'Feebates' Strategy

 Excerpt:

“Feebates”—fees on products with high emissions combined with rebates on products with low emissions—are recommended for sectors with high emissions. They could be especially useful to curb Denmark’s large agricultural emissions from the country’s huge number of farmed animals. Because feebates raise the costs of producers who farm unsustainably but reward them as they shift to sustainable farming, this program can deliver a fair low-carbon transition that preserves profitability and jobs.

By crafting an effective climate policy that protects the majority of people, Denmark’s strategy to make large cuts in its emissions could be more attainable."

https://blogs.imf.org/2021/01/11/denmarks-green-vision-a-model-for-other-countries/

Image Credit: World Green Building Council