On December 10, European Head of States met at the European Council meeting.
In what was considered as a landmark moment for the European Union, two agreements were struck:
- A deal on the next Multi-Annual Financial Framework (2021 – 2027) & the Next Generation EU thus giving people and businesses the support and peace of mind they need in the midst of the ongoing crisis; and
- an agreement to cut gas emissions by at least 55% by 2030.
The agreement on the next EU Budget will help the Union provide a strong response to the current crisis while preserving rule of law.
The agreement on cutting gas emissions puts the European Union on a clear path towards climate neutrality in 2050. It gives certainty to investors, to businesses, to public authorities and to citizens.
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