The Kyoto Protocol allows reductions in emissions of several 'greenhouse' g
ases to be credited against a CO2-equivalent emissions limit, calculated us
ing 'global warming potential' indices for each gas, Using an integrated gl
obal-systems model, it is shown that a multi-gas control strategy could gre
atly reduce the costs of fulfilling the Kyoto Protocol compared with a CO2-
only strategy. Extending the Kyoto Protocol to 2100 without more severe emi
ssions reductions shows little difference between the two strategies in cli
mate and ecosystem effects. Under a more stringent emissions policy, the us
e of global warming potentials as applied in the Kyoto Protocol leads to co
nsiderably more mitigation of climate change for multi-gas strategies than
for the-supposedly equivalent-CO2-only control, thus emphasizing the limits
of global warming potentials as a tool for political decisions.