European Council - Photo © European Union 2026

During yesterday’s European Council, EU leaders met to discuss the new energy shock hitting Europe, with some of them looking towards deregulation measures and major changes to the EU Emissions Trading System (ETS) as possible solutions.

The latest European State of the Climate report, released by the EU’s Copernicus Earth Observation Programme and the World Meteorological Organisation, sends a clear warning: Europe continues to warm and faces worsening climate impacts.