European Union leaders are likely to unblock on Thursday a stalled 1.8 trillion euro package to help revive the economy after the COVID-19 pandemic and agree on new, more ambitious CO2 emissions reduction goals to fight climate change, Trend reports citing Reuters.
During the two-day talks, leaders of the 27 EU countries will also discuss COVID-19 vaccines, resetting relations with Washington and sanctions on Turkey for drilling in contested waters in the Mediterranean.
But the focus will be on unblocking a historic joint EU borrowing of 750 billion euros to finance the post-pandemic recovery and the 1.1 trillion euro EU budget for 2021-2027 that focuses on digitalisation and fighting climate change.
Agreeing on the money is one of the conditions set for a deal on a proposal that the EU cut greenhouse gas emissions by 55% by 2030 compared to 1990 levels rather than the currently agreed goal of 40%.