EU strikes deal on weakened 2040 climate target as COP30 looms

BRUSSELS: The European Union's 27 member states struck a deal Wednesday on the bloc's next big emissions-cutting target, after making overnight concessions to win over reluctant capitals in time for the UN's COP30 summit in Brazil.The bloc agreed following marathon talks in Brussels to cut its greenhouse-gas emissions by 90 percent by 2040, compared to 1990 levels, but countries will be allowed to count international carbon credits towards up to 10 percent of that goal.EU countries also agreed a related 2035 emissions-cutting objective that they must bring to the UN climate talks, set at between 66.25 percent and 72.5 percent.