By Kate Abnett

BRUSSELS (Reuters) -European Union countries are negotiating proposals to give industries a more flexible path to meeting climate goals, a draft EU document showed, as the bloc attempts to win support from governments for a new 2040 emissions-cutting target.

The EU is negotiating a legally-binding target to cut net greenhouse gas emissions 90% by 2040, and is racing to approve the goal before world leaders gather for the U.N.’s COP30 climate summit on November 6.

However, months of negotiations have so far not yielded a deal, as some governments have pushed back on green measures, and raised concerns over how to finance the low-carbon transition alongside priorities like defence and revitalising industries.

A draft EU compromise proposal, seen by Reuters, showed countrie

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