European Parliament, Council and European Commission representatives have provisionally agreed to extend the “stop-the-clock” scope of the EU Emissions Trading Scheme (ETS) for aviation by four more years, so that only flights within the European Economic Area (EAA) will be covered in calendar years 2013-2016. Flights to and from the EAA’s outermost regions will be fully exempt from the ETS until 2016 and business flights operators with annual CO2 emissions of less than 1,000 metric tons ...

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