A Fossil Fuel Non Proliferation Treaty? "For decades, a small number of extremely rich and powerful private and state-owned firms have profited greatly from selling these fuels while deceiving the public and influencing governments to forestall political action to tackle climate change. Big Oil’s strategies to preserve its business model for as long as possible are well documented. Facebook ads promoting their “climate friendliness” and “green gas” were viewed 431 million times in 2020 alone. Corporate deceit is especially problematic for countries in the Global South, which are striving to improve their economic security and risk locking themselves into dirty infrastructure assets that will become stranded. In fact, every region has high renewable energy potential. International collaboration and support, particularly finance from the Global North, is essential to realizing it. The lack of an international mechanism directly addressing fossil fuels means that the industry has continued to expand significantly, even since the 2015 Paris climate agreement was signed. According to the United Nations’ Production Gap Report, planned fossil-fuel production in 2030 is currently 120% greater than would be allowed under a 1.5° Celsius carbon budget" from: https://www.project-syndicate.org/commentary/the-case-for-a-fossil-fuel-non-proliferation-treaty-by-tasneem-essop-and-lili-fuhr-2021-09
A Non Fossil Fuel Proliferation Treaty would be based on the three pillars of the Nuclear Non-Proliferation Treaty. First pillar of a future treaty – non-proliferation. The International Energy Agency said that any new fossil-fuel development will conflict with the Paris agreement’s goals, G7 members agreed to stop financing new coal projects, and many jurisdictions banned all new fossil fuel permits. Second pillar - feasible phaseout. Most climate scientists agree that we need to wind down existing fossil-fuel stockpiles and production. Even without any new coal, oil, or gas projects, the world would produce 35% more oil and 69% more coal by 2030 than is consistent with a 1.5°C pathway. Third pillar- enable a just transition away from fossil fuels through a process of international cooperation that has equity at its core. Wealthy fossil-fuel-producing economies would lead the way and share the benefits and burdens of the transition with poorer countries, workers, and affected communities. This should include the provision of financial resources to enable policymakers to implement and sustain necessary climate policies. (same link as above)