Personally I think that the idea that these trends can ever be revered by some sort of world wide agreement to lower consumption is a pipe dream. People want to eat meat and drive cars and fly on airplanes. As long as they're rich enough to do so you'll never stop them. The only solution to this problem is technology. Some combination of green energy sources plus probably very large scale terraforming.
So yes, technology is the only solution. Incremental improvements in efficiency should not be shunned, but they're not going to be 'solutions'.
I'm not even sure we will need to go to very dramatic steps to get there. Solar competitive with coal at market-prices seems to be right around the corner, that'll be a massive water-shed moment. I have high hopes for algae fuel (perhaps naive), because this can plug directly in to the existing downstream oil infrastructure (and burning hydrocarbons is going to be part of life for the foreseeable future).