Your thesis doesn’t match up with this chart:

ourworldindata.org/emissions-by-sector

We’re working to decarbonize the highest categories on that list, with rapid adoption of solar/wind, some potential for more nuclear and geothermal in the medium term, and maybe even fusion in the long term.

Then, while decarbonizing electricity, we’re electrifying heating for homes, water, cooking, and we’re electrifying transportation.

US carbon emissions per capita peaked in the 70’s, and peaked as a whole in the 2000’s. US carbon emissions per capita still greatly exceed those of other rich nations.

It’s very much possible to have modern first world living standards, even with significant reductions in our resource use and net emissions. We just need to line up the incentives (aka pricing) with what is good for the Earth. And we’re already doing that in many of the heaviest polluting sectors.