Yes it has to be both which is what I suggested at last too. Population increase will just increase the demand on Earth's resources and CO2 will continue to rise if we don't complete the transition soon which looks very hard at this point. So, crazy ideas like this need to be tried out, in my opinion.
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Fully agree with you, any crazy idea shall be tried, and at the same time the lobby for clean energy shall be increased. Fortunately, solar and wind energy is getting less expensive then oil based energy, so I see the tipping point coming. But still the oil companies are very powerful, so their lobby need to be countered.
You are absolutely right. Their lobbying is still strong and one of the main reasons why we are still using the fossil fuels.