I have a different take, renewable have arguably crossed the threshold for mass adoption so moving away from fossil fuels is inevitable. These seems like the death pangs of a dying tumour trying to claw its way to relevance. Look at Saudi Arabia's desperate attempts to diversify away from petrodollars.
Renewables are now cheaper, better for your citizens & most importantly much safer for national security, compared to fossil fuels. It is a no brainer for all nations to switch away.
Atleast I hope I'm right.