The council will vote on ILUC proposals agreed in May 2014 by the Committee of Permanent Representatives (COREPER).
The deal includes Greek Presidency’s proposed 7% cap on conventional biofuels and mandatory reporting of ILUC factors for crop-based biofuels.
It also includes multiple counting of transport energy sources towards EU renewable transport target and overall renewable energy targets.
A target of 0.5% transport energy from advanced biofuels from non-crop feedstocks is also included in the agreement.
The Renewable Energy Association (REA) said while it continues to oppose the use of ILUC factors in greenhouse gas accounting for biofuels, the proposals must give the current biofuels industry room to grow and invest in advanced biofuels development with greater greenhouse gas savings.
REA chief executive Nina Skorupska said, "The ILUC saga has gone on long enough. We urge Ministers to reach agreement and put this issue to bed.
"Assuming a smooth second reading, the UK Government will be able to set out its trajectory to the 2020 target and our transport members will be able to get back to doing what they do best: investing to supply sustainable fuel for our cars and feed for UK livestock," Skorupska added.
Apart from the biofuels policies, the meeting will also consider the 2030 energy and climate framework and a final decision is anticipated to be taken by October 2014.
