The fossil fuel non-proliferation treaty initiative intends to rally nations, cities and companies to rapidly phase out oil, gas and coal and launch treaty negotiations after COP30. Oil, gas and coal produce 86% of trapped carbon dioxide emissions, and projected production by 2030 is 110% higher than what can be burned to keep warming below 2°C. Trillions in fossil fuel subsidies and state efforts to prop up fossil industries drive continued production. The initiative draws on rapid renewable technology and price improvements, growing electric vehicle adoption, and worsening floods, fires and heatwaves to argue for urgent global action.
We have to change the way people think about oil, gas and coal, which are responsible for 86% of the carbon dioxide emissions that are trapped in our atmosphere. The world is on track to produce 110% more oil, gas and coal by 2030 than we can ever burn if we want to keep global warming below 2C [above preindustrial levels]. That's because the market is distorted by trillions of dollars in fossil fuel subsidies.
When we first talked about renewable energy, people literally laughed at us because it was so expensive. But we've seen a tremendous change in technology and in prices so that today we are powering whole countries with renewable energy. Every day, we see major breakthroughs. Last year, one in five cars sold on the planet was electric. We can change very quickly when we want to.
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