I said this years ago -- the change is effectively irreversible and we should accept it and deal with it. See my essay "On Climate Change vs. the Singularity".
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CO2 pollution and related climate change is an externality of centuries of human industrial development and fossil fuel burning, as well as likely poor farming practices leading to topsoil loss (a major carbon reservoir), and also livestock production. As a consequence, many people in low lying areas will be flooded, and others will have bad weather and lose harvests, (negative externalities) while some others will get warmer or wetter weather and have bigger harvests (positive externality). Essentially, global climate change is just a bigger example of, say, a valley being flooded to make a hydroelectric dam. Who pays the costs and who gets the benefits?
We could tax fossil fuel use and topsoil loss and livestock production to discourage it and redistribute that tax as a global basic income. But that is not enough because past advantages are not evenly distributed globally. So, we could tax capital as well (including patents and copyrights) and also distribute that as a global basic income to make up for such losses. Then people who are negatively affected by climate change will at least be able to afford to move elsewhere. In general, we could also look at the specific winners and losers of climate change and also look at taxing and redistributing to just those people, but that seems harder to figure out.
Of course, all this is easier said than done without a world government -- and that has its own problems. I can hope that we transition globally to a post-scarcity society in the next few decades (including dirt-cheap solar, hot and cold fusion energy, widespread productive robotics and AI) and many of these issues become uninteresting or trivial to resolve given global abundance. Of course, abundance and such a AI/robotics singularity also poses its own problems. And those issues related to an economic, political, and/or evolutionary singularity in the next few decades may well be more important to think about and plan for than a, by comparison, relatively simpler problem of global climate change.