Global Extraction Reduction Initiative, GERI

The Earthrise Accord (EA) presents the comprehensive "Global Extraction Reduction Initiative" (GERI), a robust policy and legal approach explicitly aimed at reducing global fossil fuel extraction through strategic market forces, enhanced international legal frameworks, and targeted financial incentives.

Global Extraction Reduction Initiative

GERI explicitly prioritizes drastic reductions in fossil fuel extraction worldwide, combining market-driven motivations with international legal frameworks to systematically and sustainably limit extraction activities to align strictly with climate stability requirements.

Core Strategic Components

1. Market-Driven Motivations

• Global Carbon Pricing and Extraction Tax: Implementing a universal carbon price combined with escalating extraction taxes, significantly increasing financial burdens on fossil fuels to the point where alternative investments in renewables and nuclear energy become far more economically viable.

• Carbon Border Adjustments: Countries implementing strict carbon pricing and reduction policies impose tariffs on imported fossil fuels or products from regions lacking comparable environmental standards, pushing extraction-intensive countries to reduce their activities.

2. Binding International Agreements

• Extraction Reduction Treaties: Developing international treaties setting clear, progressively declining extraction caps aligned with the 1.5°C global warming limit, legally binding nations and major corporations to extraction reduction targets.

• International Fossil Fuel Non-Proliferation Treaty: Advocating for global adoption of a treaty that prohibits new fossil fuel extraction projects, phases out existing operations, and ensures a just transition for affected workers and communities.

3. Strategic Climate Reparations

• Climate Restoration Fund (CRF): Creating a global fund financed by extraction taxes and penalties, dedicated exclusively to supporting renewable and nuclear energy projects, technological innovation, and climate mitigation efforts, particularly in the most vulnerable regions.

• Historical Accountability Mechanisms: Legally mandating that historically high-extraction nations and corporations allocate a defined percentage of profits toward reparations to finance global clean energy transitions.

Leveraging Market Power and International Alliances

• Trade and Market Access Restrictions: Powerful import-dependent countries and trading blocs, such as China and the European Union, establish stringent import requirements linked to verified extraction reduction and reparation funding, effectively pressuring high-extraction exporters to comply with global reduction targets.

• Global Extraction Transparency Standard (GETS): Establishing international transparency standards for fossil fuel extraction, supported by rigorous verification and public disclosure requirements to prevent data manipulation and misinformation.

Enhanced Global Legal Enforcement

• Global Energy Accountability Tribunal (GEAT): An internationally recognized legal body empowered to enforce binding extraction quotas, transparency standards, and reparation commitments, equipped to issue financial penalties and injunctions.

• International Enforcement Coalitions: Encouraging coalitions among progressive nations and NGOs committed to legally prosecuting and financially penalizing extraction violations, sharing intelligence, and ensuring compliance through joint enforcement actions.

Implementation Strategy and Scalability

GERI initiates with pilot programs in influential and environmentally progressive regions to demonstrate effectiveness and economic benefits, gradually scaling up to a global scale through persuasive demonstration and international advocacy.

The Global Extraction Reduction Initiative strategically integrates robust market forces, binding international agreements, targeted financial incentives, and powerful enforcement mechanisms. It represents the most effective pathway to achieving significant, enforceable reductions in global fossil fuel extraction, fundamentally supporting the global transition toward a sustainable, equitable energy future.