Capitalism cannot solve Climate Change, as it depends on the highest possible profit margins and rampant consumerism.
It’s definitely possible to do “Green Capitalism”, so long as the profit margins of green capital exceed dirty capital.
But Americans have huge investments in old dirty infrastructure that they want to use until it falls apart. That’s the real difficulty. How do you convince people with a $1B pipeline through the West Texas gas fields to scrape that project and build lower-profit windmills/solar farms and HVDC cable lines instead?
Our current leadership could subsidize green energy to move the market. But this would force existing businesses to build new capital rather than rent seeking on existing capital.
Compare the US to France, which has a huge legacy investment in nuclear power. They’re capitalist, too, but they aren’t in a rush to burn more fossil fuels.