Delegation of the European Union to Chile

European Council conclusions on COVID-19, energy, trade and external relations, 21-22 October 2021

Brussels, 22/10/2021 - 00:40, UNIQUE ID: 211022_1
Press releases

EU News 232/2021

I. COVID-19

The European Council reiterates the EU’s continued commitment to contributing to the international response to the pandemic and to ensuring access to vaccines for all. It calls for the rapid removal of obstacles hampering the global roll-out of vaccines, and invites the Commission to further engage directly with manufacturers in this respect. This will allow Member States to speed up the delivery of vaccines to countries most in need. The EU will continue to support the production and uptake of vaccines in partner countries.

In the context of the upcoming G20 meeting and in view of the special session of the World Health Assembly in November, the European Council underlines its support for a strong, central role of the World Health Organization in future global health governance and for the objective of agreeing an international treaty on pandemics.

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III. ENERGY PRICES

The European Council addressed the recent spike in energy prices and considered the impact of the price rises on citizens and businesses, especially our vulnerable citizens and SMEs, striving to recover from the COVID-19 pandemic.

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The European Council invites:

  • the Commission to study the functioning of the gas and electricity markets, as well as the EU ETS market, with the help of the European Securities and Markets Authority (ESMA). Subsequently, the Commission will assess whether certain trading behaviours require further regulatory action;
  • the Member States and the Commission to urgently make the best use of the toolbox to provide short-term relief to the most vulnerable consumers and to support European companies, taking into account the diversity and specificity of situations of Member States;
  • the Commission and the Council to swiftly consider medium and long-term measures that would contribute to energy at a price that is affordable for households and companies, increase the resilience of the EU’s energy system and the internal energy market, provide security of supply and support the transition to climate neutrality, taking into account the diversity and specificity of situations of Member States; and
  • the European Investment Bank to look into how to speed up investment in the energy transition, within its current capital headroom, with a view to reducing future disruption risks and meeting Europe’s global connectivity ambitions.

VI. EXTERNAL RELATIONS

The European Council discussed the preparations for the upcoming ASEM Summit on 25-26 November 2021. In this context, it supports the EU strategy for cooperation in the Indo-Pacific region and invites the Council to ensure its swift implementation.

Ahead of COP26 in Glasgow, the European Council calls for an ambitious global response to climate change. It is essential to keep the 1.5°C global warming limit within reach. The European Council therefore calls upon all Parties to come forward with, and implement, ambitious national targets and policies. It urges in particular major economies that have not yet done so to communicate or update enhanced and ambitious nationally determined contributions in time for COP26 and to present long-term strategies towards reaching net zero emissions by 2050. The European Council recalls the commitment by the EU and its Member States to continue scaling up their climate financing. It calls on other developed countries to urgently increase their contribution to the collective climate finance goal of USD 100 billion per year through to 2025.

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