EU leaders discuss competitiveness, energy and multiannual financial framework

Discussions on the first day focused on finding solutions to strengthen EU competitiveness and mitigate price pressures in the energy sector. The leaders discussed ways to strengthen the Union’s competitiveness in a challenging geopolitical and economic environment. The European Council took stock of progress on the One Europe, One Market agenda, which should be promoted ambitiously. Discussions focused on developing the single market, simplifying regulation and strengthening technological sovereignty. The EU leaders discussed ways to secure access to affordable energy and reduce Europe’s dependence on outside energy sources. It is essential to reduce dependence on fossil fuels and strengthen Europe’s energy security in the long term. “The emissions trading system is a key instrument for reducing emissions and accelerating the clean transition. We need to stick to our climate targets and ensure a predictable operating environment for companies. Finland’s example shows that investments in clean energy strengthen energy self-sufficiency and help to lower energy prices”, Prime Minister Petteri Orpo said in Brussels. Negotiations on the multiannual financial framework ongoing The EU...