I think it might be too late for that. The oceans have already been absorbing a lot and it's destroying the marine ecosystem. In addition to that our oceans fuel our storms so warmer oceans mean many more extreme storms, which we're already seeing. And there's also the coral reef bleaching issues.
We should just shut down the fossil fuel industry, period.
Whatever hit we get because of it, it's nothing compared to the damage the fossil fuel industry is doing. It needs to be shut down completely.