The European Commission has welcomed the European Parliament's second reading vote in favour of including aviation in the EU Emissions Trading System (EU ETS). The vote confirms the agreement reached between the Parliament and the Council. Under the new Directive, greenhouse gas emissions from flights to, from and within the European Union will be included in the EU ETS from 2012. All airlines will be covered, regardless of nationality. Like the industrial companies already covered by the EU ETS, airlines will be able to sell surplus allowances if they reduce their emissions and will need to buy additional allowances if their emissions increase. Once the Decision is formally adopted, Member States will have 12 months to transpose it into their national legislation.