# The European Union will set emissions-cutting targets for 2035 and 2040 in time for the COP30 climate summit in November in Belém, Brazil. The president of the European Commission, Ursula von der Leyen at an EU event in Brussels acknowledged the need for pragmatism given divisions between member countries over the goals. She said Europe would stand by its climate goals; that Brussels was cutting red tape to help businesses with the green transition; and was investing in power grids so consumers will feel the benefits of cheaper renewable energy.
Von der Leyen says EU will have new climate targets by COP30 summit