My intuition says that innovations like lab grown meat are more likely to spread all over the world, including to developing countries, far more quickly than policies which reduce CO2 emissions at costs that governments may take a long time to accept.
Last August Stijn wrote a post titled The extreme cost-effectiveness of cell-based meat R&D about this subject.
Let me quote the bottom line (emphasis mine):
In addition, as I wrote in a comment, I also did a back of the envelope guesstimate model to estimate the cost-effectiveness of donations to GFI, and arrived at $1.4 per ton CO2e (and $0.05-$5.42 for 90% CI).
It is important to mention that our methods are not nearly as thorough as the work done by Giving Green or Founders Pledge about climate change, and I wouldn't take it too seriously. Nevertheless, I think that it at least hints the order of magnitude of the true numbers.
Edit: I just realized that Brian's comment refers to a newer post by Stijn, which I assume reflects his broader opinions. However I think that the discussion in the comments on Stijn's older post that I linked to is also interesting to read.