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Nicoletta Batini, Ian W.H. Parry, and Mr. Philippe Wingender

) feebate—is simply to levy (some portion of) vehicle taxes in direct proportion to vehicle emission rates 33 but this approach does not stabilize the revenue base (revenues decline over time as the fleetwide average emission rate declines). Revenue-neutrality under feebates also implies no first-order effect on the prices of products with average emission rates (as would occur under carbon pricing, prior to revenue recycling), which may enhance acceptability. …and, in general, build off existing capacity and data . For example, feebates are easily integrated into

Nicoletta Batini, Ian W.H. Parry, and Mr. Philippe Wingender
Denmark has a highly ambitious goal of reducing greenhouse gas emissions 70 percent below 1990 levels by 2030. While there is general agreement that carbon pricing should be the centerpiece of Denmark’s mitigation strategy, pricing needs to be effective, address equity and leakage concerns, and be reinforced by additional measures at the sectoral level. The strategy Denmark develops can be a good prototype for others to follow. This paper discusses mechanisms to scale up domestic carbon pricing, compensate households, and possibly combine pricing with a border carbon adjustment. It also recommends the use of revenue-neutral feebate schemes to strengthen mitigation incentives, particularly for transportation and agriculture, fisheries and forestry, though these schemes could also be applied more widely.
Jean Chateau, Ms. Wenjie Chen, Ms. Florence Jaumotte, and Karlygash Zhunussova

10. CO2 Emission Paths by Policy Scenario 11. Abatement Costs by Policy Scenario and Time Range 12. Carbon Price by Policy Scenario 13. Rebalancing vs. Non-Rebalancing: CO2 Emissions Projections 14: Changes in Sectoral 15. Changes in Sectoral Composition 16. Mean Effect on Consumption Deciles, before Revenue-Recycling by Policy in 2030 17. Mean Effect on Consumption Deciles, after Revenue-Recycling by Policy in 2030 18. Mean Consumption Effect on Consumption Deciles, after Revenue-Recycling using Cash Transfers, by Policy in 2020 TABLES 1

Ian W.H. Parry, Mr. Dirk Heine, Kelley Kizzier, and Tristan Smith

Boxes 1. CO2 Mitigation Initiatives for International Aviation and Maritime 2. Revenue-Recycling and the Costs of Carbon Taxation