As the most developed city circle in northern China, allocating CO2 emission quotas at the Bohai Rim Economic Circle (BREC) city level is essential for developing specific abatement policies. Thus, with reflecting multi-principles (fairness, efficiency, sustainability, and feasibility), this paper formulates the CO2 emission quotas allocation among cities in BREC in 2030 based on the multi-objective decision approach. We first propose three allocation schemes based on the principles of fairness, efficiency, and sustainability, which are conducted by entropy method, zero-sum gains data envelopment (ZSG-DEA) model, and CO2 sequestration share method, respectively.Then, the CO2 allocation satisfaction is defined and used to measure the feasibility principle which is integrated as the objective function of the multi-objective decision model together with three allocation schemes to obtain the optimal allocation results.The results show that cities with large energy consumption and less CO2 sequestration capacity, such as Tianjin, Handan, and Tangshan, experience a decrease in the emission quota shares from 2017 to 2030, indicating that these cities would undertake large emissions reduction obligations. Conversely, there is an increase in the shares of CO2 emission quotas when it comes to Beijing, Chengde, and Dalian, whose GDP, population, and CO2 sequestration capacity are relatively large. Sensitivity analysis shows that Beijing, Zibo, and Jinan are more sensitive to minimum satisfaction changes, and the total satisfaction experiences an increase first and declines thereafter. Based on the results above, cities with large pressure to reduce CO2 emissions should not only promote the economic development, but also improve the capacity of CO2 sequestration by enhancing environmental protection to realize emission reduction targets.