This is not possible for everyone to practice but, think of our future generations we should bequeath this planet to them in a habitable condition.
So, cut down your meat consumption to reduce Co2 emission. If you can't give up the habit of meat consumption. Atleast, try to observe "meat free day" in a week would do the needful. Afterall,going veg would allow you to beat the economic downturn.
From the ethical point of view, have compassion towards fellow living beings.