The Emission Trading Scheme (ETS) limits the amount of carbon dioxide a company can emit each year and allocates a number of permits to operators. The total number of permits set a limit on the overall emission from participants in the scheme. While some permits are allocated to operators free of charge, others are traded freely (auctioned) to allow emission reductions to be made where they are most cost-effective.
Speaking from Strasbourg Glenis Willmott, Member of the European Parliament's Environment Committee, said: "Climate Change is one to the biggest challenges of our time. The EU needs to lead the way in setting emission targets and getting other countries on board. It is a shame that against the vote of Labour MEP Parliament voted to exclude business jets from the scheme, while holiday charter flights are included."
Robert Evans, Member of the European Parliament's Transport Committee, siad: "The aviation industry must take responsibility for its CO2 emissions. This generation can not ride roughshod over the next generation."
For more information please call the European Parliamentary Labour Party press officer, Silke Thomson on +44 207 222 1719 or +32 479 790 053.
European Parliamentary Labour Party, European Parliament, Rue Wiertz, 1047 BRUSSELS, Belgium -
Tel: 00 32 2 28 43736 Fax: 00 32 2 28 49061
