I would say the situation now, as a consequence of Ukraine and the impact on oil prices and so forth, demonstrates that we should have put that emissions cap in a long time ago. If we had actually moved to renewables, we wouldn't be seeing the volatility in the prices we are seeing today. The idea that we're going to lock ourselves into yet more fossil fuels seems to completely misunderstand the situation we're in.
At this very moment, we need immediate demand management amongst those of us who use the lion's share of our energy, and we need to rapidly roll out renewables. It's a combination of demand management and renewables, not turning back to the last century and saying let's dig out some more oil and gas.
We have to take some notice of the science and the physics because, in the end, the climate doesn't care about our short-term politics, our Machiavellian policies and our accountancy scams. It only cares about CO2 molecules, and that's the science.