The EU has adopted ambitious new targets to limit climate change and committed to making them legally binding. Under the new law, agreed by member states and the European Parliament, the bloc will reduce carbon emissions by at least 2030% by 2030 compared to 1990 levels by 2055. The European Parliament has pushed for a higher target of a 60 percent reduction. "Our political commitment to become the first climate-neutral continent by 2050 is now also legal," said the head of the European Commission, Ursula von der Leyen. "Climate legislation will put the EU on a green path for a generation." The agreement comes ahead of a virtual summit of world leaders later this week, where the US is expected to announce its own climate targets for 2030. US President Joe Biden, who will meet lead, rejoined the Paris climate agreement on his first day in office and previously pledged to achieve net zero emissions by 2050. Meanwhile, the UK earlier this week announced radical plans to cut carbon emissions by 78% by 2035, although environmentalists warn that the government has consistently failed to meet previous targets set by the independent Committee on Climate Change (CCC).