EU leaders struggle to break deadlock on climate deal
BRUSSELS — European Union leaders were still looking Friday for an agreement to cut the bloc’s net greenhouse gas emissions by at least 55% by the end of the decade compared to 1990 levels following a night of intense discussions.
With the fight against climate change a priority of the European Union, a deal is crucial to avoid a hugely embarrassing deadlock ahead of a U.N. climate meeting later this week.
Reunited since Thursday for a two-day summit in Brussels, a majority of the 27 member states want to sign off the EU’s executive commission’s proposal to toughen the bloc’s intermediate target on the way to climate neutrality by mid-century. But financial concerns by coal-reliant eastern nations worried about how to fund and handle the green transition have so far slowed down progress.
Five years after the Paris agreement, the EU wants to be a leader in the fight against global warming. Yet the bloc’s heads of states and governments were unable to agree on the new target the last time they met in October.