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The Grid below gives you the key events in the Commission, Council and Parliament this week. We show the events that are relevant to financial services and economic affairs.
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Trilogues |
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Pease note that the French Presidency will inform about the trilogues on Twitter. |
G7 summit, Schloss Elmau, Bavaria |
Sunday – Tuesday |
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The G7 summit hosted by this year's German G7 presidency takes place from 26 to 28 June in Schloss Elmau, Bavaria. The EU will be represented by the President of the European Council, Charles Michel, and the President of the European Commission, Ursula von der Leyen. The G7 summit is an opportunity to send out a powerful signal of unity in these turbulent times, advocating for progress, prosperity, peace and security. Solidarity and close cooperation are needed to mitigate the impacts of Russia's war against Ukraine. The seven working sessions of the summit will focus on various topics: global economy, partnerships for developing countries, foreign and security policy, sustainability, food security, multilateralism and digital transformation. The German presidency has also invited leaders from Argentina, India, Indonesia, Senegal and South Africa to take part in several working sessions during the summit. At the end of the summit, the leaders are expected to adopt a leaders' communiqué. |
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Transport, Telecommunications and Energy Council (Energy) |
Monday |
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Energy ministers will aim at reaching a general approach on the proposals to amend the renewable energies and the energy efficiency directives that are part of the ‘Fit for 55’ package. Ministers will adopt a regulation aiming at filling the EU’s gas storage reserves before the winter and sharing them in a spirit of solidarity. They will also discuss the energy situation in the EU in the context of the war in Ukraine. Ministers will exchange views on a proposal to reduce methane emissions and on a proposal on energy performance of buildings. ‘Fit for 55’ package Ministers will aim to reach a general approach on two energy-related proposals of the ‘Fit for 55’ package:
As part of the Fit for 55 legislative package, the Commission has proposed to revise both proposals in light of the increased ambition of the new emissions reduction target of cutting net greenhouse gas emissions in the EU by at least 55% by 2030, compared to 1990 levels. Decarbonisation The Presidency will present a report on the progress made on a proposal to reduce methane emissions in the EU and on a proposal on the energy performance of buildings. This will be followed by an exchange of views. Infographic - What is the EU’s gas storage capacity? Energy prices Ministers will exchange views on the energy situation in the EU in the context of the war in Ukraine. The presidency will invite ministers to present the preparedness level of their country in terms of natural gas for next winter.
Other matters The presidency will provide an update on the state of play and next steps of the proposal on gas storage. Ministers are set to formally adopt the previously agreed regulation without debates in the morning. The Commission will brief ministers about recent developments in the field of external energy relations. Finally, Czechia will present the work programme for its upcoming presidency. |
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Environment Council |
Tuesday |
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Environment ministers will aim at reaching a general approach on proposals that are part of the ‘Fit for 55’ package, relating to the carbon market, carbon sinks, effort sharing between member states, CO2 emission standards for cars and vans and a social climate fund. Ministers will also discuss a proposal to minimise the risk of deforestation and forest degradation associated with products placed on the EU market, with possibly the aim of reaching a general approach. The Presidency will present a report on progress made in discussions on a proposal on waste shipments. ‘Fit for 55’ package Ministers will aim to reach a general approach on the following files of the ‘Fit for 55’ package:
The ‘Fit for 55’ legislative package aims to align with EU’s legislation to the increased ambition of the new emissions reduction target of cutting net greenhouse gas emissions in the EU by at least 55% by 2030, compared to 1990 levels. Deforestation and forest degradation Ministers will discuss a proposal to reduce to a minimum the consumption of products coming from supply chains associated with deforestation or forest degradation, with possibly the aim of reaching a general approach. The objective of this proposal is to ensure that products consumed on the EU market do not contribute to deforestation and forest degradation worldwide. Waste shipments The presidency will present a report on the progress of discussions on a proposal to tighten EU waste shipment rules that aim to ensure that the EU does not export its waste challenges to third countries. The proposal also aims to make it easier to transport waste for recycling and reuse within the EU and better tackle illegal waste shipments. Other matters The Commission will inform ministers of the main international meetings that have taken place recently. The Commission will provide ministers with information on certain pending legislative proposals. Sweden will brief ministers on the outcome of the Stockholm +50 conference and Cyprus will brief ministers on the 9th Environment for Europe ministerial conference. Finally, Czechia will present the work programme for its upcoming presidency. |
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Type of body |
Details |
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Working Parties |
Working Party on Company Law Working Party on Financial Services and the Banking Union (Financial Services) |
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Tuesday |
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Committees |
WORKING PARTY ON THE UNITED KINGDOM |
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Working Parties |
Working Party on Company Law |
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Thursday |
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Working Parties |
Working Party of Financial Counsellors |
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Friday |
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Committees |
WORKING PARTY ON THE UNITED KINGDOM |
*Note this is based on the initial draft agenda
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