The European Union has drafted a deal to curb greenhouse gas emissions by at least 55% by 2030, against 1990 levels, a target it hopes its 27 members will endorse at a summit next month, the document showed.

If the Dec 10-11 EU leaders’ meeting approves the draft conclusions seen by Reuters, it could make the EU the first major economy to submit a new climate pledge under the 2015 U.N. Paris climate agreement, before a year-end deadline to do so.

The current 2030 target for EU members, who together make up the European Council, is a 40% cut in emissions from 1990 levels, already higher than the amount pledged by other big emitters such as China and the United States.

Guest post from Reuters