I think your analysis is true ONLY if you assume that rising CO2 has no appreciable environment costs.
If rising CO2 does infact pose a threat, then the impact of your concerns are frankly miniscule, compared to avoiding otherwise far greater damage without CO2 mitigation strategies, including the use of renewables.
This effectively is the position of denialist - let's do nothing and hope for the best.
As the Engineer you profess to be I would have thought a 'twiddling thumbs - nothing to see here' approach to this issue, puts you at odds with a sizeable proportion of your profession.
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