The oceans rising is more a problem, but it's not going to end human civilization and will happen slowly enough that adaptation is possible, albeit expensive. "Drowning" is hyperbole.
Uncertainty is just that, uncertainty. It will be positive for some areas and negative for others. Those of us who benefit from the status quo (myself included) can argue it would be unwise to mess up a good thing, but the simple fact is we have no idea. There will be winners as well as losers. It's quite possible that the midwest becomes wet enough that American farmers will become even more productive through double-cropping, for starters. Likewise the Russians look forward to their northern coastline thawing.
The sky isn't falling, it's shifting, and while we probably should minimize the shift as much as practical, we shouldn't plunge ourselves into an economic depression to do it.