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EU Leaders Agree on New Climate Funding Package Amid Rising Energy Costs

Summary

European Union leaders reached a consensus on a €150 billion climate funding package during the summit in Brussels on February 19, 2026. The deal aims to accelerate green energy pr

European Union leaders reached a consensus on a €150 billion climate funding package during the summit in Brussels on February 19, 2026. The deal aims to accelerate green energy projects and reduce carbon emissions by 40% by 2030, according to the European Commission. This move comes as energy prices continue to surge across member states due to geopolitical tensions. The package includes grants and low-interest loans for renewable infrastructure and energy efficiency upgrades. Analysts view this as a pivotal step in the EU’s Green Deal strategy to combat climate change and stabilize energy markets.
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EU Leaders Agree on New Climate Funding Package Amid Rising Energy Costs

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