As stated by the European Parliament Press Service, “MEPs adopted legislation on including aviation in the EU Emissions Trading System (ETS), all flights starting and/or landing in Europe (including intercontinental flights) to be included in the ETS from 1 January 2012. 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 based on an historic average; emissions will be reduced by 5% in 2013 compared to the historic average.”This release is available in full text.