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Agreed, but Capitalism is only the most recent iteration of an issue we've been dealing with since we agriculture went mainstream, which is the idea of social class. "Socialism" with an established ruling and working class has been demonstrated to be as destructive if you look at a list of top greenhouse gas producers. Stateless, classless, true ownership of the means of production by workers is the only way to prevent the perverse incentives which happen when we treat a few people as above the rest of humanity when they are not only no better but socially stunted by privelege.
China is the leader in green energy and is the top solar panel and electric vehicle producer. Socialism is doing its due diligence to move away from fossil fuels.