12 Dec 2018
EUROPEAN COMMISSION DAILY NEWS – 12 DECEMBERBrussels Daily
Euro Summit: Updates on deepening Europe’s Economic and Monetary UnionThe Commission has published a series of factsheets on issues related to deepening Europe’s Economic and Monetary Union (EMU) ahead of the Euro Summit which will take place on Friday, 14 December 2018. The factsheets outline what has already been achieved, current discussions and the proposals on the table. A general factsheet provides an overview of the overall state-of-play of the EMU, while more detailed updates focus on the Banking Union; the Capital Markets Union; further strengthening the euro’s role in the world; cooperation between the Commission and the European Stability Mechanism; and budgetary instruments for a stronger and stable euro area within the Union framework. All factsheets are available here.
The Commission welcomes the political agreement on a proposal to enhance the role of the Agency for the Cooperation of Energy Regulators (ACER)
Today’s deal means that six out of the eight legislative proposals of the 2016 Clean Energy for All Europeans package have been politically endorsed by the co-legislators, after the agreements on the Governance of the Energy Union proposal, the revised Energy Efficiency Directive, the revised Renewable Energy Directive, the Energy Performance of Buildings Directive and the Regulation on Risk Preparedness. It is clear progress and momentum towards completing the Energy Union and combatting climate change are well under way. The Juncker Commission, working under its political priority “a resilient Energy Union and a forward-looking climate change policy“, is delivering. Commissioner for Climate Action and Energy Miguel Arias Cañete said: “Today’s deal is another important achievement in our transition to a clean and secure energy system. ACER, the Agency for the Cooperation of Energy Regulators, will have an enhanced role in the energy market and in the area of security of supply. This Regulation will adapt the Agency’s competences to the new challenges the electricity sector is facing, for example in the context of increased regional cooperation. We are now approaching the finishing line tocomplete the Clean Energy for All Europeans proposals before the end of this year. With the completion of the Package, we will be on the right path towards the Energy Union”.The complete statement is available online.