BRUSSELS: The European Union’s 27 member states struck a deal Wednesday on the bloc’s next big emissions-cutting targets, after making overnight concessions to win over reluctant capitals in time for the UN’s COP30 summit.
EU countries have been haggling for months over two separate targets for slashing greenhouse-gas emissions: a 2040 goal intended as a milestone towards carbon-neutrality, and a related target that they must bring to the climate talks next week in Brazil.
In marathon negotiations that ran most of the night, the bloc finally agreed to target a 90-percent cut in greenhouse-gas emissions by 2040, compared to 1990 levels, but countries will be allowed to count international carbon credits towards up to 10 percent of that goal.
