Economic policy

The European Council should discuss economic policy

The General Affairs Council of the European Union will meet today at EU headquarters in Brussels to discuss economic issues

Photo: European Council

The General Affairs Council of the European Union will meet today at EU headquarters in Brussels to discuss economic policy.

Today’s meeting follows the adoption on 16 March of Skyline Europe, a €95.5 billion framework for research and innovation covering the period 2021-2027. The project aims to revolutionize scientific research and green economic growth in the EU by funding large-scale international research collaboration on climate change, cancer research and technological advances. The measure also includes a €5.4 billion COVID-19 relief fund.

Expect today’s discussion to further strengthen the European Council’s support for Horizon Europe, setting the stage for a vote by the European Parliament on April 1, which is likely to sign off on the measure – which currently enjoys support almost unanimous parliamentarian – in the law. The first area of ​​intervention will be the fight against climate change. More than a third (35%) of the €95.5 billion budget is earmarked for the fight against climate change, with the main objective being to reduce the carbon footprint of European cities. The initial focus is likely to be on sustainable energy infrastructure, in particular the expansion of solar and wind infrastructure across Europe. Expect a subsequent focus on developing carbon-neutral public transport, seen as a key strategy to reduce metropolitan carbon output.

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