Governments Urged to Phase Out Fossil Fuels as Era Ends
Despite the impending conclusion of the fossil era, governments globally are not taking significant action to transition away from oil, coal, and gas. Over 450 organizations have signed the Lofoten Declaration, urging a managed decline of the sector, yet many governments continue to support new projects, contradicting their Paris climate commitments.
The success of renewable energy and electric vehicles has brought the end of the fossil era into view. However, limiting production now is crucial to avoid entrenching energy infrastructure and political dynamics. Phasing out coal alone will not suffice; ending the age of Big Oil is necessary for a safe climate future.
Social change often happens in waves, and popular opposition to fossil-fuel development is mounting. This opposition generates political pressure and financial risks. In 2021, countries in Latin America and the Caribbean planned to expand fossil fuel projects, despite warnings that such expansions conflict with climate goals. Meanwhile, wealthy countries like Norway and Canada should lead the way in reducing fossil-fuel production and supporting affected workers. This year has seen unprecedented natural disasters, serving as a stark reminder of the urgent need for action.
The Lofoten Declaration calls for a managed decline of the fossil-fuel sector, and governments worldwide must heed this call. The end of the fossil era is on the horizon, and limiting production now is essential to ensure a safe climate future. Wealthy countries must take the lead in this transition, supporting affected workers and setting an example for the rest of the world.
