The lntergovernmental Panel on Climate Change (IPCC) has recently summarized the state ofthe art in research on climate change (Climate Change 1995). The most up to date research findings have been divided into three volumes: - the Science ofClimate Change (working group I), - the Impacts, Adaption and Mitigation of Climate Change (working group II), and - the Economic and Social Dimensions ofClimate Change (working group III) There is a general consensus that a serious change in climate can only be avoided if the future emissions of greenhouse gases are reduced considerably from the business...

The lntergovernmental Panel on Climate Change (IPCC) has recently summarized the state ofthe art in research on climate change (Climate Change 1995). The most up to date research findings have been divided into three volumes: the Science ofClimate Change (working group I), the Impacts, Adaption and Mitigation of Climate Change (working group II), and the Economic and Social Dimensions ofClimate Change (working group III) There is a general consensus that a serious change in climate can only be avoided if the future emissions of greenhouse gases are reduced considerably from the business as...