The problem is that something like this, on such a large scale, has never been done before.
Stopping anyone from doing anything that gives them power, wealth, comfort is an extremely difficult task, let alone asking that of the ultra-rich. Even more so because it runs contrary the very nature of a capitalist economy.
Once renewable energy becomes nearly as good, all that will be needed is a combination of laws, regulations, activism to nudge the collective in the right decision.