Overview
- The European Parliament’s environment committee adopted its position to set a binding 2040 target of a 90% net greenhouse‑gas reduction versus 1990 levels, passing by 55 votes to 32.
- From 2036, up to 5% of the target could be met with high‑quality international carbon credits, above the Commission’s 3% proposal and subject to safeguards.
- MEPs support allowing domestic permanent carbon removals to compensate hard‑to‑abate emissions within the EU ETS and endorse postponing the start of ETS2 to 2028.
- The committee calls for a Commission review every two years that can propose amendments to the climate law, assessing science, technology, competitiveness, and energy price impacts on households and businesses.
- A plenary vote is scheduled for 13 November, after which negotiations with EU governments can begin; EU environment ministers agreed their position on 5 November and renewable industry groups welcomed the direction.