I've said this repeatedly here: the world won't address climate change even if it's mildly inconvenient to do so, let alone the massive endeavours that have been proposed thus far. The solution will be economic. Want to replace fossil fuels with cleaner energy sources? It won't happen until those alternatives are cheaper. When energy is sufficiently cheap or the byproducts are sufficiently valuable, that's when carbo…
"Want to replace fossil fuels with cleaner energy sources? It won't happen until those alternatives are cheaper" We are going to go extinct with that attitude - the laws on nature do not owe us a cheaper method of producing energy. The Moneyed classes have never given up anything willingly: the end of monarchy, the end of slavery and even labour laws were won in blood. Its likely to be the same with climate change
This seems to be a very valid observation. However, it's worth noting that with respect to climate change, it's nto about some mystical "0.1%" but rather in this case the "moneyed classes" include the vast majority of the first world citizens, which (as you state) are very unlikely to give up their privilege willingly unless the "global south", who will suffer the worst parts of the climate change first, would win that concession through blood.
However, as a counterpoint, nuclear weapons do act as a reasonably effective veto in conflict escalation.