MEPs on the Environment Committee have backed the extension of the EU’s carbon border adjustment mechanism to cover products derived from the supply chain and the creation of a fund to support industry’s transition to a low-carbon economy. The Committee on the Environment, Climate Change and Food Security adopted its position on the proposed amendments […]
EU agricultural markets remain robust despite uncertainty and rising input costs
EU agricultural markets are expected to remain strong in 2026, according to the summer 2026 edition of the report on the short-term outlook for EU agricultural markets, published today by the European Commission. It should be noted that this report does not take into account the current heatwaves, which are severely affecting farmers across Europe, […]
The EU’s first tripartite agreement to boost energy storage is signed
The European Commission has brought together several EU energy ministers, storage system developers and manufacturers, renewable energy developers, energy-consuming industries and financial institutions to sign the EU’s first tripartite agreementon energy storage. The signing took place today in Luxembourg, as part of the meeting of the Energy Council. The aim of this first tripartite agreement […]
Commission and IEA take stock of oil markets and measures to restore long-term stability and lower prices
In an extraordinary meeting last March 18, the International Energy Agency (IEA) Governing Board took stock of the latest situation on oil markets and its effect on prices and security of supply. In the discussion, the Commission welcomed the IEA-coordinated action to make around 400 million barrels of oil available to the global market to offset losses in supply and to instill stability. It has been […]
EU agri-food trade hits new records in 2025
The European Union’s agri-food sector recorded another record year in 2025, consolidating its global leadership in agricultural trade. The trade surplus was approximately four times higher than in 2002, and the EU remains a net exporter in most agri-food categories. Furthermore, the sector contributed 37% of the EU’s total trade surplus in 2025, underlining its […]
Parliament and Council seek bringing down prices of gas
MEPs and the Polish Presidency of the Council reached an informal agreement on Tuesday to extend the EU’s 2022 gas storage scheme until 31 December 2027, as it would otherwise have expired at the end of 2025. The provision is designed to ensure gas supply security ahead of the winter season. MEPs and Council also […]
Rail market opening: competition leads to lower ticket prices, EU study finds
A study released by the European Commission today highlights the user benefits of competition in both passenger rail and rail freight services. It reveals that increased competition in the EU rail market has resulted in significant reductions in ticket prices for rail passengers and in freight transportation costs. Efficiency gains are evident across all segments – passenger open access, public […]
Eurostat: Halting sharp rises in agricultural prices in the EU by 2023
First estimates of agricultural price indices for 2023 indicate a shift from the sharp price increases that characterised 2021 and 2022. In 2023, the average price of agricultural goods as a whole (output) in the EU increased by 2% compared to the previous year, while the average price of goods and services currently consumed in agriculture (inputs) […]
Spain is the EU country where electricity prices fell the most in the first half of 2023
After a significant increase in prices that started before the Russian invasion of Ukraine, but skyrocketed through the second semester of 2022, electricity and gas prices are stabilising. The prices of energy rose due to an increase in the price of natural gas, which is considered the marginal fuel. This happened because the imports from […]