It is a classic cooperation problem. Perhaps not prisoners dilemma. Perhaps not at individual scale. Probably tragedy of the commons.

Cooperation is not consuming fossil fuels. Defection is consuming fossil fuels.

If you cooperate and other defects you suffer climate impact and expensive energy (expensive everything, worse economic growth than others).

If you defect and other cooperates you suffer climate impact but at least you get cheap energy (cheap everything, more economic growth than others).

People, nations, corporations, etc don’t stop using fossil fuels because they incur a penalty against their competitors if they volunteer to and their competitors don’t.

The assumption here is that fossil fuels are actually cheaper. But an electric car pays back the higher upfront cost in fuel savings in significantly fewer miles than most cars will have put on them. Solar generates power at a lower cost per kWh than coal.

The fossil fuel industry has to be actively sustained through subsidies and government regulation hostile to alternatives. Maybe that wasn't true 50 years ago before the alternatives got viable and cheap, but if it's not true now then why did we stop subsidizing electric cars while we still subsidize oil companies?