Funnily, people in the comments make the common mistake of talking of electricity generation when talking of energy. But electricity production only amount to about 25 to 30% of our energy consumption.

Most of electricity in the world comes from coal. Coal usage must drop to zero as fast as possible just to keep the climate in a barely liveable state, and we're not heading there, frankly.

One very big elephant in the room is why does renewable power looks so cheap at times: it's because production occurs either at fixed times (solar) or random times (wind), so basically renewable power is often produced when it isn't needed therefore worth almost nothing or even less than nothing. That's the main reason why renewable power looks cheap: because as long as we have some other reliable sources to fulfil demand and they really don't amount to much power anyway, their production isn't very useful.

Oil OTOH is what propels 99.8% of everything that sails, flies or drives. Oil is what makes globalisation possible. Oil consumption represents 50% more globally than electricity generation, so there's no believable way to replace the first with the second. So far, we have absolutely no idea on how to replace oil at scale. Most probably globalisation as we know it will end not because of evil trumpian protectionism, but because we won't be able to afford it anymore for lack of oil.