No. Without carbon capture and storage, the warming is irreversible. Even if we stop emitting CO2 today, the energy is in the system and it will cause a certain amount of warming.
Dr. James Hansen of NASA Goddard has talked a lot about this. He often says that there is already warming "in the pipeline" that is irreversible.
In a 2005 paper in Science Magazine he says:
Earth's energy imbalance. We infer from the consistency of observed and modeled planetary energy gains that the forcing still driving climate change, i.e., the forcing not yet responded to, averaged ∼0.75 W/m2 in the past decade and was ∼0.85 ± 0.15 W/m2 in 2003. This imbalance is consistent with the total forcing of ∼1.8 W/m2 relative to that in 1880 and climate sensitivity of ∼2/3°C per W/m2. The observed 1880 to 2003 global warming is 0.6° to 0.7°C, which is the full response to nearly 1 W/m2 of forcing. Of the 1.8 W/m2 forcing, 0.85 W/m2 remains, i.e., additional global warming of 0.85 × 0.67 ∼ 0.6°C is “in the pipeline” and will occur in the future even if atmospheric composition and other climate forcings remain fixed at today's values.
from Earth's Energy Imbalance: Confirmation and Implications (DOI: 10.1126/science.1110252)
There is inertia in the Earth System. The CO2 has been emitted, and the radiation balance is off. It will take a while for that warming to show up in the climate, but it will happen. The Earth System is out of equilibrium and is working towards getting to it, and it will be a warmer equilibrium.