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    Fossil Fuel Non-Proliferation Treaty

    • December 31, 2023
    • Posted by: OptimizeIAS Team
    • Category: DPN Topics
    No Comments

     

     

    Fossil Fuel Non-Proliferation Treaty

    Subject: Environment

    Section: Int conventions

    In the news:

    • A growing bloc of nation-states is joining forces at COP28 to begin to seek a negotiating mandate for a Fossil Fuel Non-Proliferation Treaty.

    The treaty is endorsed by:

    • The 12 endorsing states are: Vanuatu, Tuvalu, Tonga, Fiji, the Solomon Islands, Niue, Antigua and Barbuda, Timor-Leste, Palau, Colombia,  Samoa, and Nauru
    • They have been supported by the World Health Organization, the European Parliament and thousands of others.

    Aim of the treaty:

    • This treaty aims to complement the Paris Agreement by halting fossil fuel expansion, ensuring an equitable phase-out, and fostering a just energy transition globally.

    Pillars of the treaty:

    1. NON-PROLIFERATION
      • Stop building out the problem by ending the expansion of coal, oil and gas production
    2. A FAIR PHASE-OUT
      • An equitable plan for the wind down of existing fossil fuel production, where nations with the capacity and historical responsibility for emissions transition fastest, providing support to others around the world
    3. JUST TRANSITION
      • Fast-track the adoption of clean energy and economic diversification away from fossil fuels so that no worker, community or country is left behind

    Need for this treaty:

    • The urgency to address fossil fuel impacts on climate change has led to calls for a binding plan to halt new coal, oil, and gas projects. COP28 sees a coalition forming to propose a Fossil Fuel Treaty.

    Source: https://fossilfueltreaty.org/

    Environment Fossil Fuel Non-Proliferation Treaty
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