For every ton of CO2 that the west has reduced in the past decade China has produced three tons of CO2.[1]
We need another breakthrough on the scale of the Haber process.
[1] https://ourworldindata.org/explorers/co2?country=OWID_WRL~Hi...
I agree if you opine that the high income countries won't adequately do it, and the low/middle income countries have bigger problems, but it is a choice (and mainly our choice, if I'm not mistaken about HN's predominant NA+EU demographic)
I'm not sure most high-income people (globally speaking, so like the richest ~billion) are consciously making that choice, or at minimum aren't aware of the cost-benefit situation. Pretending there is no choice doesn't seem like the right way to go about this, considering that every euro spent on prevention significantly outweighs adaptation options
If you reduce your consumption the cost of oil will fall towards the cost of production and middle/low income countries would consume it.
The only way someone in a high income country can prevent this is to buy oil and permanently bury it.
This is needlessly roundabout (especially considering that the oil starts buried). One could simply scale down production (by regulation).