SHARM EL-SHEIKH The European Union is ready to update its emissions-cutting target, climate policy chief Frans Timmermans told the COP27 summit in Sharm el-Sheikh on Tuesday, pointing to recently agreed EU policies to cut emissions faster than planned.

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"I'm happy to announce here today that the EU stands ready to update our NDC reflecting this higher ambition," he said referring to the bloc's Nationally Determined Contribution – or plan to cut emissions.