As a species, for long-term survival, we have two choices: ensure our survival on Earth, or go elsewhere. There is no certainty that our survival here is assured (and a considerable body of evidence to suggest it may be at risk), and there is no certainty that a mission to develop other planets or non-planetary habitats will succeed. Therefore failure to massively invest in both is to risk destruction of our entire species.
Now recognise that the development of any extraterrestrial environment capable of supporting an independent (i.e. large) human population will require a much deeper understanding of climates (and other ecosystem elements) than we have today.
Put simply: cutting climate research is a gamble with everyone's lives, and let's also go to Mars ASAP and start trying stuff.