We all starve to death.
Significant portion of population will starve though. But energy unused by them could help grow food for remaining fraction.
What's your contingency plan, everyone commits suicide the day the volcano erupts?
> A virus with a 0.2% fatality rate was enough to bring the worst recession in recent history, millions of dead, and hospitals to the brink of collapse.
The worst recession in recent history? I regard 2008 as recent, and as a recession, this is definitely not worse than that was.
Merely having a fallback power solution would be the least of our problems.
Good anime setting, not really a plausible human future.
Also, you kind need complex societies to function to not have them melt down. After a super volcano or asteroid collision, that one could be dicey.
I’m not sure living on it would be much easier than living in space. You would have better radiation protection and more raw materials, but staying warm might be harder.
(This figure needs verification, I'm going from memory).