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Finland Proposes 30% Windfall Tax On Power Companies
The Finnish government has announced on Thursday that it has proposed a temporary windfall tax on profits from the country's electricity companies as part of a European Union response to soaring power costs. The proposed 30% tax would apply to any profits exceeding a 10% return on capital in 2023, with the government estimating it could bring in between 500 million and 1.3 billion euros ($533 million-$1.9 billion).
read more... 30/12/2022
EU approves 28 bln euro German renewable energy scheme
The European Commission said on Wednesday it had approved the German government's 28 billion euro ($29.69 billion) support scheme for renewable energy, which is aimed at rapidly expanding use of wind and solar power.
read more... 22/12/2022
UK government sets out detail of tax on electricity producers
Britain's finance ministry set out details on Tuesday of a temporary 45% tax on excess profits made by some electricity generating companies after Jan. 1.
read more... 21/12/2022
Portugal increases support to help with rising energy bills
The Portuguese government will next year increase the amount of financial aid available to help families and companies cope with rising gas and electricity prices, it said on Wednesday.
read more... 15/12/2022
New Danish government eyes carbon neutrality by 2045
Denmark will be carbon neutral by 2045, five years earlier than a previous target, prime minister Mette Frederiksen said on Wednesday.
read more... 15/12/2022