Environment and our "way of Life"

In my non-environmentally expert (but philosophical and systemic) opinion, we need to radically reduce humankind's carbon footprint on this planet, because we will not be able to replace CO2 with solar and wind etc at a 100% or even comparable level.

Can we maintain our "way of life" while radically reducing its total carbon footprint? IMO we need to better define what our way of life really is. Analyse it and break it down to its fundamental components: economic, social, civic, cultural, etc, and see how these fundamental elements can be kept but in a much more environmentally friendly
way.