The European Union struck a deal Wednesday on the 27-nation bloc's next big emissions-cutting targets in time for next week's UN COP30 climate summit at the cost of deep concessions to reluctant capitals.

After months of haggling and marathon overnight talks, the bloc averted the worst-case scenario of turning up empty-handed to the gathering in Brazil -- where it hopes to assert its leadership in the fight against global warming.

EU countries agreed to target a 90-percent cut in greenhouse gas emissions by 2040 compared to 1990 levels -- a key milestone towards its goal of becoming carbon neutral by mid-century.

They also agreed on a related 2035 target to bring to the UN summit -- which EU chief Ursula von der Leyen trumpeted as "good news" as she arrived in the northern Brazilian cit

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