International Policy Analysis 1 Content Summary.............................................................. 3 Overview............................................................. 3 How upper limits are made permeable – evaluation of the period up to 2012..... 4 The chameleon-like notion of“their emissions”................................. 4 Significance of the phrase“their overall emissions”.............................. 4 How a strict reduction target is watered down.............................. 5 (a) The industrialized-countries level within the meaning of climate law.............. 5 (b) The European level................................................... 5 (c) The level of Germany, the pioneer........................................ 6 (d) Conclusion......................................................... 6 Reconsideration of the central aim of multilateral climate policy................ 6 Central decisions on the maximum available carbon/ greenhouse budget........ 7 The ambivalence of the central themes of economics as regards climate policy.... 8 Current calculations and projections....................................... 9 Conclusion............................................................ 10