We cannot and shouldn't risk "adapting" or evolve to handle famines, hypercanes, or extreme desertification. Instead, we should fix what we broke by using the sky as a sewer for ~200 years from 425 ppm CO2 now back to ~300 ppm then.
Plants stop being able to do photosynthesis efficiently at lower CO2 ppm values (plants need CO2), which lead to massive deforestation. Thanks to current 400+ ppm values, in many places of the world the greenery returned in the past decades. Values in 600—800 ppm range would be optimal for keeping our planet green and ecology.
I don't know what Cato Institute is and what their talking points are, but you can look up photosynthesis details on Wikipedia or any other place you like.