The main elements of the compromise are as follows: All flights
starting and/or landing in Europe (including intercontinental
flights) to be included in the ETS from 1 January 2012; The EU
to have an obligation to seek an agreement on global measures to
reduce greenhouse gas emissions from aviation. Bilateral
agreements, for example with the US, could be a first step; 85
percent of the emissions certificates to be allocated for free
according to a common European benchmark. 15 percent 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;
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; The deal say