Definition of feebate in English:

feebate

noun

  • A system of charges and rebates whereby energy-efficient or environmentally friendly practices are rewarded while failure to adhere to such practices is penalized.

    as modifier ‘a feebate scheme rewards buyers of fuel-efficient cars and penalizes those who purchase gas-guzzlers’
    • ‘He proposes a nifty scheme of ‘feebates,‘which would reduce the consumer price of such energy-efficient cars while increasing the price of gas guzzlers.’
    • ‘The best way I know of to encourage more efficient automobile buying habits is called a feebate.’
    • ‘Peter Dunne suggested paying people to take older vehicles off the road, and the Greens have suggested barring imports of older vehicles combined with fuel efficiency dependent ‘feebates’ on registration.’

Origin

1990s: blend of fee and rebate.

Pronunciation

feebate

/ˈfiːbeɪt/