Fossil Fuel Non-Proliferation Treaty
- December 31, 2023
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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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:
- NON-PROLIFERATION
- Stop building out the problem by ending the expansion of coal, oil and gas production
- 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
- 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/