Let me restate your point, because it’s a good one. The gist of your point is, if there is no collective action, then nothing will change, and “why should I make my lifestyle worse” if nothing will change?
The next step to realize is that, in the US, our “shared CO2 budget” is zero, possibly negative, in light of continued development in China, India, and Africa. Imagine how much CO2 emissions could be reduced if everyone in the US became vegan tomorrow. Now, realize that Chinese development in last year alone went up by enough to offset the entirety of that hypothetical savings.
Why “should I make my lifestyle worse” when development in India, China, and Africa is going to increase global CO2 output by multiples of the entire output of the US and EU combined?