Well, according to your logic, one would consequently have to simply liquidate 90% of the world population now.
Sure, that would be good for the planet. But the individual would, in 90% of cases, come out rather unhappy.
I also don't believe that your son will have to spend his second half of life under catastrophic conditions.
Humans are incredibly adaptable; that is their real strength. However, they only adapt if they are truly forced to.
That means CO2 emissions will noticeably improve once the oil is gone in a few decades. Before that, we will argue a lot, then eventually fight wars over the remaining reserves. Possibly even using nuclear weapons, which will also help the atmosphere.
There have been much worse times for humanity than those approaching us, and I am quite optimistic for my children that they will live an interesting life under reasonably dignified conditions.