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flag The EU approved a 2040 climate target cutting emissions 90% from 1990 levels, allowing limited carbon credits and delaying some rules.

flag The European Parliament approved a 2040 climate target to cut greenhouse gas emissions by 90% from 1990 levels, allowing up to 5% of reductions to come from international carbon credits starting in 2036. flag The plan, passing 379 to 248, includes delaying the EU’s ETS2 system for buildings and transport to 2028 and adjusting the Corporate Sustainability Due Diligence Directive to lower corporate thresholds and shift enforcement to national laws. flag The move, aimed at balancing climate ambition with economic concerns, follows EU climate ministers’ backing ahead of the COP30 summit.

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