:  While there is much justifiable attention to the ecological implications of global climate change, the political implications are just as important for human well‐being and social justice. We posit a basic framework by which to understand the range of political possibilities, in light of the response of global elites to climate warming and the challenges it poses to hegemonic institutional and conceptual modes of governance and accumulation. The framework also suggests some possible means through which these responses might be thwarted, and political stakes in that construction of a new hegemony—which, to avoid suggesting we know or can yet determine the form it will take, we call “climate X”.