The priorities of the Italian Council Presidency were outlined to the various parliamentary committees by Italian ministers, on 22 and 23 July. Security of supply remains at the top of EU decision makers’ agenda as the crisis between Ukraine and Russia continues. The Commission will launch security stress test starting with the most exposed part of Europe, namely Finland, Latvia, Lithuania, Slovakia and Bulgaria, to work out how vulnerable they would be in the event the crisis over Ukraine leads to a major disruption of natural gas supplies.
The outlines of a climate & energy policy for 2030 are expected to be agreed by European leaders in October 2014: the Italian EU Presidency will have a chance to draw a compromise at the informal Energy and Environment Ministers meeting on October 6, and in this way facilitate an agreement at the European Council on October 23 & 24.
The Presidency also intends to make “significant progress” on the air quality package and theIndirect Land Use Change (ILUC) legislation. Fuels will be another big issue on the energy agenda in the next six months with the completion of the fitness check of the European refining industry. The Italian Presidency will also try to advance two controversial files: the Fuel Quality Directive and the carbon footprint of biofuels. The Italian EU presidency also plans to pick up the dossier of air quality and to broker agreement amongst a majority of member states on a new directive to control emissions from medium-sized combustion plants.
Italy will seek to make progress on reforming the EU Emission Trading Scheme (EU ETS) by advancing talks on creating a “market stability reserve”.