On stabilizing CO2 concentrations – cost‐effective emission reduction strategies

With the adoption of the Berlin Mandate, developed countries are being asked to set emission limits for the early decades of the next century. The size of the reductions is currently the subject of international negotiations. This paper is intended to contribute to the analysis and assessment phase leading up to the adoption of new targets and timetables. However, we take a somewhat different approach than that suggested by the Berlin Mandate. Rather than focus exclusively on the next steps by developed countries, we view the issue from the perspective of the Convention's ultimate objective, the stabilization of atmospheric concentrations. We examine what might constitute cost‐effective strategies for limiting CO2 concentrations to alternative levels. We then explore the implications for near‐term mitigation decisions and for long‐term participation by the developing countries.