Climate change: existential risk?

What does the community here think when it comes to climate change as a potential existential risk? While strategies for combating climate change are fairly straightforward, the seeming lack of political capital behind meaningful climate reform and legislation seems to indicate that the problem is going to get substantially worse before it gets better, and the potential consequences of ignoring this issue look to be quite severe indeed!

Should the rationality/​x-risks community be spending more effort on evaluating this idea and exploring potential solutions? It certainly seems like a big problem, and the current trajectory is quite worrisome. On the other hand, the issue is a political minefield and could risk entangling the community in political squabbling, potentially jeopardizing its ability to act on other threats. What do you guys think?