Overview
- MEPs adopted a negotiating mandate for a binding 90% net greenhouse gas cut by 2040 versus 1990 levels, passing 379–248 with 10 abstentions.
- Parliament endorsed flexibilities including use of up to five percentage points of high‑quality international carbon credits from 2036, biennial progress reviews, and a one‑year delay of ETS2 to 2028.
- In a separate vote on the Omnibus I package, MEPs raised thresholds that limit which firms must comply with sustainability rules, lifting CSDDD scope to companies with over 5,000 employees and €1.5 billion turnover and tightening CSRD to firms with more than 1,750 employees and €450 million turnover.
- A new majority formed as the EPP aligned with ECR and right‑wing groups to pass the package and elements of the climate position, sidelining the previous centrist coalition.
- Interinstitutional talks with member states begin 18 November, and NGOs and legal experts have signaled potential challenges at the EU Court of Justice to contest the omnibus approach.