EU Ministerial Coalition Proposes Renewal of Energy Windfall Tax (eco.sapo.pt)

• Joint letter sent by Finance Ministers of Portugal, Germany, and Italy
• Proposal to revive 2022 emergency fiscal measures for the energy sector
• Focus on securing funding for energy security and the green transition

"Portugal, Germany, and Italy are spearheading a diplomatic push for the European Commission to reinstate the temporary solidarity contribution on excess profits from the energy sector. Originally implemented in 2022 following the energy shock from the Ukraine invasion, this renewed proposal aims to stabilize national budgets and fund critical energy infrastructure transitions amidst ongoing geopolitical instability and market volatility."