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Image header Agence Europe
Europe Daily Bulletin No. 13637
Contents Publication in full By article 27 / 28
NEWS BRIEFS / Finance/climate

NGFS establishes climate scenarios to help financial institutions and supervisory authorities map risks

09/05/2025 (Agence Europe) – On Wednesday 7 May, the Network for Greening the Financial System (NGFS), which brings together 145 central banks and supervisory authorities, published its first ever short-term climate scenarios. These are designed to help financial institutions and supervisors understand how climate risks could evolve over the next three to five years, and to determine the capital reserves needed to contain these risks. “The NGFSshort-term scenarios are an essential...

Contents

Russian invasion of Ukraine
JUSTICE: representatives of EU and partner States agree on creation of a Special Tribunal for Crime of Aggression against Ukraine
INSTITUTIONAL
FUTURE OF EU: “common debt must remain exception” at European level, believes Friedrich Merz
FUTURE OF EU: Roberta Metsola, Ursula von der Leyen and António Costa promise to continue legacy of peace of Schuman Declaration
FUTURE OF EUROPE: European security, Ukraine and defence to dominate discussions at EPC in Tirana on 16 May
SECTORAL POLICIES
MIGRATION: ‘Pact on Migration and Asylum’, Commission releases further €3 billion to support implementation of reforms in Member States
ENVIRONMENT: EU Council and European Parliament close to agreement on revision of detergents regulation
AGRICULTURE: European Commission launches work stream on future of livestock sector
ENERGY: informal meeting of EU Energy Ministers – subject of REPowerEU cannot be avoided
ENERGY: first EU rules to limit consumption of electrical products in ‘standby’ mode come into force
DIGITAL: EDPB expresses lukewarm support for European Commission’s targeted simplification of GDPR
RESEARCH: European ministers to discuss artificial intelligence in science and mid-term evaluation of Horizon Europe at next EU Council meeting
RESEARCH: European Commission makes €404.3 million available to promote post-doctoral research beyond national borders
TRANSPORT: European Commission adopts guidelines on setting charges for use of rail infrastructure
EXTERNAL ACTION
MOLDOVA: Marta Kos hopes to open all accession negotiation chapters by end of year
WESTERN BALKANS: António Costa on official visit to region ahead of European Political Community summit in Tirana, on 16 May
ECONOMY - FINANCE - BUSINESS
TAXATION: EU Council close to agreement on VAT on imports
ECOFIN: VAT on imported products, SAFE instrument and European capital markets on EU agenda
STATE AID: France authorised to pay €5 billion to facilitate wine exports to United States
EDUCATION - YOUTH - CULTURE - SPORT
EYCS: disinformation among young people, European diploma, ‘Cultural Compass’ and physical activity in education on European ministers’ agenda
EUROPEAN PARLIAMENT PLENARY
GMOs: Parliament criticises European Commission for “turning deaf ear” to its many objections to GMO imports
SINGLE MARKET: European Parliament calls for an ambitious single market strategy
HEALTH: MEPs call for EU action against cancer, cardiovascular disease and measles
NEWS BRIEFS
CULTURE: European citizens want EU to play a stronger role in culture
EDUCATION: Erasmus+ receives Cercle d’Economia’s 2025 European Integration Award
ENERGY: ACER sets out its recommendations for improving supervision of energy markets
ENVIRONMENT: a coalition of environmental NGOs is calling on EU Member States to maintain strict protection of wolves in their national legislation
FINANCE/CLIMATE: NGFS establishes climate scenarios to help financial institutions and supervisory authorities map risks
NATO: NATO’s Secretary General could propose defence and security spending of 5% of GDP by 2032, according to Dick Schoof