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The changes backed by the European Parliament on Wednesday would release more allowances when carbon prices rise above €45 per tonne in 2026 prices. 

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Global military expenditure hit a record high last year, after rising for more than a decade. Poland leads the way in the eastern flank of Nato, despite a steep budget deficit.

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Germany, Greece, Romania, the Czechs, and Finland also licensed millions of euros of Israel arms exports in 2024, according to the latest EU data.

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Far-right and centre-right factions have long resisted creating such an ethics oversight body, although the vote squeaked through by 296 votes in favour, 292 against.

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The EU Commission may also allow subsidies for gas-fired power generation, which critics say runs counter to EU goals to reduce fossil-fuel use. 

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