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The Czech Republic's six-month term was completed Tuesday.
Speaking to reporters Wednesday in Stockholm, Swedish Prime Minister Fredrik Reinfeldt said that tackling soaring unemployment in Europe in the wake of global economic downturn would also be high on the agenda of the EU's policy-making, besides keeping a close eye on the potentially-volatile situations in Iran, Georgia, and the Ukraine.
He called on EU member-states to take the lead in fighting climate-change despite facing the worst economic downturn since the 1930s.
He said the 27-nation bloc should arrive at a common position ahead of a major international climate conference in Copenhagen in December, to get the U.S. and other major polluters, including China, to agree for substantial cuts in greenhouse gas-emissions.
Representatives from major countries meet in the Danish capital to negotiate a new international treaty that replaces the Kyoto protocol to curb greenhouse gases for 2012 and beyond. The EU had pledged to cut its emissions by 20 per cent from 1990 levels by 2020.
While the EU members account for 14 percent of the world's total greenhouse gas emissions, the U.S. remains the largest polluter of the atmosphere, accounting for 25 percent, followed by China.
The U.S. is not a signatory to the Kyoto agreement.
Climate-change is "coming quicker and earlier than we thought" and our way of living was "not sustainable", Reinfeldt told reporters.
His vision conforms with that of the EU executive head, Jose Manuel Barroso. In his recent comments on future policies of the European Commission, Barroso suggested that the cleaning up of Europe's electricity and transport systems to help fight global-warming must be its priority.
Barroso is widely expected to be re-elected as head of the commission after his current term expires in November.
Citing his country as a model, Reinfeldt stressed the need to "alter the direction, to take down our dependency on fossil fuel and we need an answer this autumn."
But moving away from fossil fuels entails heavy economic costs. The EU's poorer eastern member-states' struggle to meet the commitments could jeopardize the emergence of a united and common EU position at the Copenhagen summit, reports say.
The bloc is currently passing through transition, with a newly-elected parliament, presidency and a new term of the European Commission.
Reinfeldt and his center-right government take the reins after a turbulent Czech presidency.
The Scandinavian country, which is not a member of the eurozone, aims to restore confidence in the financial markets by establishing "a European body to supervise stability."
He said the global economic downturn would be an important item on the EU's agenda under his country's presidency.
In his opinion, the EU must start looking for 'exit strategies' for countries like Latvia, Hungary and Romania, heavily dependent on international financial lifelines.
He made it clear that Stockholm was not in line with extensive stimulus packages, advocated and launched by Britain and France, two of the EU's largest economies.
On the political front, Reinfeldt highlighted the situation in Iran as a growing concern, as well as the continuing tensions between Russia and the Ukraine potentially affecting the provision of natural gas to the EU member-countries.
Sweden's other priorities include EU-enlargement, improving European judicial co-operation, and developing a strategy to improve the Baltic Sea's marine environment and the region's growth potential.
Reinfeldt's government will host Wednesday the European Commission for a meeting in Stockholm that will formally open the Swedish presidency of the European Union.
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