85 per cent of the emissions certificates to be allocated for free according to a common European benchmark. 15 per cent to be auctioned;
The reduction target to be calculated on the basis of airlines' average annual emissions between 2004-2006: in the first period (2012), airline emissions to be cut by 3 percent; in the second, from 2013 onwards, by 5 percent. The percentage to be further modified as part of the general review of the ETS;
- Research flights are excluded from the scheme;
- Small airline companies producing low emissions are excluded;
The revenues generated from the auctioning of emissions allowances should be used to fund:
- climate change mitigation;
- research on clean aircraft;
- anti-deforestation measures in the developing world;
- low-emission transport.
Commenting on the compromise deal he helped broker over the last few weeks, Peter Liese, EP rapporteur on emissions, said: 'Of course, a global agreement is our final goal, but the inclusion of third country flights starting and landing in Europe is a major step for the global fight against climate change. Other industries like steel would very much like to be in such a situation.'
The Parliament, said Mr Liese, has fought for very strict provisions concerning the revenues from auctioned allowances. 'Money should be used to tackle climate change and not disappear somewhere in the general budget. It is not a tax but an environmental instrument. This is why we are very engaged in this field. The agreement is not perfect, but the Council went further than on any other comparable occasion.'
Highlighting the importance of funding public transport to reduce emissions, Mr Liese added: 'people should be encouraged to use buses and trains - for example by reducing taxes and charges on [such] low emissions transports.'
The plenary vote on the second reading on inclusion of aviation in the EU ETS will take place on 9 July. A press conference with Mr Liese has been scheduled following the vote.