The assumptions underlying Liechtensteinâs INDC are based on the possibility to achieve emission reductions abroad which may be accounted towards Liechtensteinâs reduction target in 2030.2 However, primary focus will be given on domestic emission reductions. Liechtenstein aims at a reduction of greenhouse gases by 40 % compared to 1990 by 2030. The reduction target will be subject to the approval of the Liechtenstein Parliament. Reduction Target Base Year Timeframe 2. National Circumstances With a population of 37â100 inhabitants and a total area of only 160 km2, Liechtenstein is one of the smallest countries in the world. Within 50 years Liechtenstein developed from a mainly agricultural state to one of the most highly industrialized countries in the world.