It might, indirectly, by giving them "skin in the game". Once personally inconvenienced by being forced to adopt green technologies, politicians may be more inclined to invest in making those technologies less inconvenient. We might see a surge in bicycle infrastructure funding, for example.

A nonsense hypothetical, of course; the primary issue with the "global elite" is that one cannot force them to do anything at all. If you could force them to sell their private jets, you could simply force them to pass eco-friendly laws directly.