One of our natural cognitive biases is to treat our future selves as strangers.
The more we think in this way, the less self-control we are likely to exhibit (we might be reluctant to save money, or we exercise less).
And our choices are less likely to be pro-social (that is, choices that are good for the world in the long-term, like combatting climate change).
This has several names I think and one is called temporal discounting:
“Temporal discounting (also known as delay discounting, time discounting, time preference) is the tendency of people to discount rewards as they approach a temporal horizon in the future or the past (i.e., become so distant in time that they cease to be valuable or to have additive effects).“
It’s all very well and good to understand that we suffer from this cognitive limitation, but what do we do about it?