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.

EuroCommerce is deeply concerned by the weakening of the Single Market after today’s European Parliament’s plenary vote that accepted opening negotiations based on the Agriculture Committee’s report on cross-border enforcement of rules on unfair trading practices (UTPs).

In today’s annual State of the Union address, President Ursula von der Leyen emphasised the need for the EU to step up its efforts on climate action – for scientific, economic and security reasons -by continuing the progress made by the European Green Deal, setting ambitious intermediate climate targets, and channelling investment into climate adaptation, resilience and nature based solutions.