Commodities

Spanish Energy Minister says that Spain, Portugal and Luxembourg sent a letter to the Commission asking for a new renewable energy capacity

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Spain, Portugal, and Luxembourg petitioned the European Commission for renewable energy capacity, while Spain independently seeks EU windfall profit measures and an oil and gas climate levy.

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Spain wants the EU to consider measures to capture windfall profits from high energy prices. Spain is still waiting for a response to the proposal. Spain wants a permanent levy on the oil and gas industry to raise climate funds.

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