Take for example the great oxidation event happening 2.5 billion years ago. As oxygen excreting algae began to take over methane producing organisms, oxygen started to build up in the atmosphere - first slowly, as there were lots of stuff to oxidize, like methane and iron. Eventually, these naturals sinks were saturated and oxygen levels reached the critical toxic point for the other species, leading to a runaway die-off where more and more oxygen was released and methane - a strong green house gas - rapidly disappeared from the atmosphere. This shock was so massive it produced the 400 million year Huronian glaciation - a whole planet freeze unlike any since.
So I have full faith life on Earth will eventually restore the feedback loops and get the temperatures back in the sweet spot. I have less faith that this will happen soon, or that most species, humans included, can survive such a massive transition event.