Criminals are willing to risk future punishment for the current gains of crime. In other words they have high discount rates. It looks as if the EU does as well.
The WSJ reports:
The European Union outlined a sweeping plan to claw back about $140 billion in profits and revenue from companies enriched by soaring energy prices in a bid to stabilize the bloc’s energy markets in response to Russia’s punishing assault on the continent’s economy.
redistribute some energy companies’ windfall profits and revenue to cushion the blow of high prices for consumers.Long-run/future/indirect impact:
Reduced incentive to conserve (demand), develop alternate sources or invest in new capacity (supply).
Bottom line: EU is fixing todays problems but creating bigger ones in the future.