Is it possible to stop burning fossil fuels? Yes. There are enough wind, solar, and hydroelectric sources for us to no longer emit carbon in our energy generation. Now, other forms of energy do have their own drawbacks - the batteries in electric cars, for example, pose a chemical pollution problem. But *ANYTHING* you do on the scale of the entire human population will have drawbacks. However, those drawbacks may be more manageable than baking the planet to a crisp.
There's actually not enough to replace fossil fuels without a drastic drawback of current energy usage. If you're serious about rapid reduction of fossil fuels, you have to go nuclear. Even there, the cost is prohibitive.
Ultimately, that's why these argument fail. Once the average person realizes that the cost of implementing a carbon free economy will essentially have them destitute, they're no longer that interested in preventing a few degrees of warming with uncertain outcomes sometime in the future.
Don't get me wrong, I'm all for supporting renewables (which is why the crap pulled by the OP coalition pisses me off - it's political grandstanding, not solution seeking) and improving their share of the economy. I'm also for rapid proliferation of nuclear power. But, in the meantime, I'm much more in favor of adaptation policy than mitigation policy for global warming. Which I also think is very much likely to occur, even if I think it will be on the lower end of the IPCC probability distribution of ECR. And I think that because that's what every observation bounded study recently has shown -- the lower half is much more likely than the upper.
So planning to adapt to changing climate makes more sense economically and politically than assuming unproven and unlikely disaster and cripplingly the world economy to attempt to prevent it (it's unclear if anything could).
And, ultimately, we will *have* to stop burning fossil fuels anyway. Even if it didn't cause warming, there's a finite supply - at some point, it would run out.
Peak oil keeps shuffling off to the right, though. I agree that such a thing is highly likely, but it's not a pressing matter on policy right now.
In theory, one can go one step better, and start removing carbon from the atmosphere, and lock it back into the ground. This is not easy to do in a way that we are sure that it won't leak out in some way or another, and it isn't cheap - in terms of energy, doing this is on the same order as *unburning* the coal and oil.
CCS, while an interesting idea, hasn't shown itself to be functionally workable yet, with every attempt to go large scale failing. It also has the same issues that nuclear waste storage has, but on a much larger and more dangerous scale (waste leaks, large concentrations of highly pressurized gas tend to rupture instead of leaking, both have potential leak impacts measured in 100s of years).