Yes. I don't see where you couldn't achieve your objective with intensity-based targets.
You asked about a particular example, and I'm not sure one comes readily to mind, but I've been doing a lot of analyses of these over the past ten years. You could design--and I think we got there--intensity-based targets.
Now, your question was whether that can achieve a Kyoto target. What happens with an absolute cap is that it gives you greater certainty of the environmental outcome. With an intensity target, you would have to set that and perhaps ramp it up over time. You'd have to be responsive over time if you were really trying to hit a hard Kyoto target using that mechanism, because it has greater uncertainty about the emissions outcome.