Yeah, we took one major fossil fuel producing country out of part of the global economy and look at the pain that caused in "the West". This kind of drastic, quick climate action would have even stronger effects on the energy markets in the short term, though the higher prices would also encourage faster renewable deployment so the damage would at least be tempered after some time (years, probably).
Of course the alternative that skips the trashing-the-economy part is more and larger government spending on renewable deployment to achieve a switchover on a similar timescale, but that's super-unpopular for a lot of voters.
Of course the alternative that skips the trashing-the-economy part is more and larger government spending on renewable deployment to achieve a switchover on a similar timescale, but that's super-unpopular for a lot of voters.