EU to finalize new climate goal for COP30 summit

EU climate ministers are engaged in critical negotiations to finalize a new climate target before the upcoming U.N. COP30 summit. Approval of this target is essential for the bloc to maintain its credibility in global climate action. The central proposal under consideration is a 90% reduction in net greenhouse gas emissions by 2040, relative to 1990 levels. However, the proposed target has created divisions among member states. Nations such as Italy and Poland have voiced concerns regarding the potential impact on their industries, while countries like the Netherlands and Spain are advocating for more ambitious goals. Reaching a consensus depends on several key compromises, particularly concerning the proportion of emission reductions achievable through the acquisition of international carbon credits. Failure to establish a unified commitment would jeopardize the EU's leadership role at the international summit.