Europe's biggest climate policy heads for final-hour talks

FILE PHOTO: People watch smoke and steam billow from Belchatow Power Station, Europe's largest coal-fired power plant powered by lignite, in Zlobnica, Poland October 20, 2022. REUTERS/Kuba Stezycki/File Photo

BRUSSELS (Reuters) - European Union negotiators meet on Friday to attempt to strike a deal on an overhaul of the bloc's carbon market, its main policy tool for fighting climate change, plus a multi-billion-euro fund to shield poorer citizens from CO2 costs.

At stake is the EU's ability to contribute to global efforts to fight climate change, and achieve its target to cut net greenhouse gas emissions 55% by 2030 from 1990 levels.