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Problem is the people in power saying that first part know/think they won't have to face the consequences of climate change, as such they only care about the short-term gains.
Capitalism will only solve problems where there's a profit incentive, and there's very little incentive to solve climate change until it starts unavoidably harming profits... By which point it'll be too late.
The cost is around 95% of life on the planet. Don't stress, it's happened 4 times before!
Very expensive