Manufacturing accounts for around 20% of electricity consumption. It's drop in electricity consumption, according to AI, is due to structural issues and reduction in production outputs; not efficiency gains, so that needs to be addressed - but that is outside the scope of this thread, unless you are somehow asserting the transition to renewables is inhibiting manufacturing output. Of course, one can argue that the cost of the transition has to be borne and this flows into higher input costs for manufacturers, which makes them less competitive. But, that would be an argument more that the longer term planning of our manufacturers and government was deficient as the world's largest manufacturing country, China, is going hell for leather into renewables and surely they would be having similar transition costs. Be that as it may, if we stay with relatively high fossil fuel costs or move to expensive nuclear costs, we will, by the next generation or so, have much higher input energy costs. Not to mention the increasing cost of geopolitical and civil unrest by staying with fossil fuels and further accelerating the earth heating up, drying out, and food and other resources (such as wood) becoming more and more scarce. The one saving grace on resource demand is in the western world, the birth rates are declining and in some cases, dramatically, but the rest of the world will fill that hole.
Also, other environmental impacts such as ocean warming, jetstream and gulfstream disruption will have a profound impact and cost far in excess of economic costs. Algal blooms; microrganisms dying which are causing starvation up the food chain are very worrying because of the impact they will have on the ecology and life on earth - ironically which sustains human life.
It looks like there will be an "I told you so" moment able to be delivered by Greta.
But I digress.. The cost of not doing it is far bigger than the cost of doing it.