CleanTechnica•about 2 months ago
Tax Oil Companies’ Windfall Profits, Says European Civil Society
- •A coalition of 31 European NGOs is advocating for an EU-level windfall tax on oil companies' excess profits.
- •The proposed tax revenue would be directed towards supporting vulnerable households, industry, and accelerating the clean energy transition.
- •For developers and IPPs, this signals potential new funding mechanisms, subsidies, or incentives for renewable energy projects (solar, wind, storage) in Europe.
financing