
Capitalism has a huge incentive to tackle rising seas and global warming. Maybe not so much big industry, but there will be money to made to solve the now looming crisis. Governments want solutions to save themselves. Until recently "everyone" thought that we had had much more time and change could be ignored for now. That attitude is changing quickly. The innovation efforts that drive capitalism are working overtime. We will see if it is enough. I will likely miss most of the drama and misery but our kids will see it front and center. China will be interesting to watch. They have the authoritarian system and economic wherewithal make change quickly.
Capitalism has incentive in a sense, but it's not an incentive that really plays into how the climate crisis is a problem.
Five years or so ago we were told that in order to keep 1.5 warming we'd need radical and thorough restructuring of the whole economy globally. However, there's no immediate demand for it, so it didn't happen. Rather, there was an increased investment in stuff like meat and oil production. So 1.5 is surefire now. I don't remember the specifics but 2.0 (apocalyptic) is looming within a decade of inaction, and the rate of warming is so slow there's no private financial incentive to it, and governments are largely invested in safekeeping private interests, even in states like Denmark.
There has been some pretty impressive investment in like green energy, and I guess we'll have lab meat soon, but let me just be clear about something.
Replacing our fuel source is not enough. Many people for some reason believe we'll be fine after we switch to windmills and Teslas. We won't. The amount of things that need intervention is baffling and grim, since the market has simply not solved climate change since it was discovered in, I think it was the 1920s or something.
What's the free market's financial incentive to remove farmland and grow forests?
What's its incentive to cut down on like 70% of car transportation?
What's its incentive to completely cull dirty internet use (meaning energy here) when the biggest competitors are using a free with data gathering model (that model can't be maintained without incredibly dirty servers)?
There are thousands of things that could be brought up.
All things can maybe be enforced changed by government intervention, but as long as we're using a profit model, it will lay waste to entire industries with nothing to back it up. Now, the industries will die anyways, but at that point it's too late. Danish government, as green as people think it is, keeps allowing for more oil drills through active policy (it has to be confirmed by the state when new oil projects are done).
And most importantly, I think, you can exemplify for each, but if you were an investor, with only a profit motive, why would you ever invest in a company that clears farmland and grows forests, when you can just invest in Danish pig farming? Even if the former is better long term, why don't you invest your bucks into dirty industries now, make your money, and then invest in the clean industries later when it's the only possibility and therefore a returning investment?