This is wholly unsustained. Yes, marginal luxuries will become less accessible, though not inaccessible. Flying, food variety, et cetera. But the sustainable cost of clean energy, and industrial processes running at those levels, is within traditional fuels’ long-term error bars [1]. The discrepancy in access to that energy will persist between the developed and developing worlds.
(EROI is difficult to calculate. Once you take into account shipping costs, the EROI of PV approximates that of oil.)
[1] https://en.m.wikipedia.org/wiki/Levelized_cost_of_electricit...