The European Union, historically a leader in climate action, is now at risk of losing its influence due to a combination of internal and external pressures. As negotiators gather for Cop30 in Brazil, the EU's commitment to the Paris Agreement and the Green Deal is being undermined by nationalist and far-right groups that criticize these initiatives as detrimental to competitiveness. This has led to significant rollbacks in greenhouse gas reduction targets and delays in implementing crucial regulations like emissions trading schemes. The EU's shift in focus from sustainability to competitiveness raises concerns about its future role in global climate leadership. While Europe still leads in climate finance and has ambitious targets, its credibility is threatened by the perception that it is backtracking on its commitments, especially compared to countries like China. The EU must find a way to reconcile its economic interests with its climate goals to regain its standing on the global stage.