EU drops windfall tax plan, allows member states to act unilaterally

The EU has decided not to pursue a bloc-wide windfall tax on energy companies, instead permitting individual member states like Ireland to implement their own measures. A coalition source indicated that waiting for an EU-wide tax remains the preferred approach, but the shift signals a decentralization of energy policy. This matters as it may lead to divergent national policies and potential market distortions across the EU.