Bitcoin's difficulty adjustment is trending to ~0%,

It will never be exactly 0%, but it is trending towards it ♾️.

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This doesn't make it "irrelevant" in the long term, just like the halvings aren't irrelevant now or into the future.

Halvings can also continue towards infinity if we so choose to continue "downloading" smaller denominations to ♾️.

Halvings have an impact on "price" even at the tail end of this scenario as more people starting from the bottom with skills can offer goods & services for Bitcoin.

This is the crux of "everything divided by 21m".

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That means there will be an upper limit on the amount of energy produced.

If the difficulty adjusts higher & higher by a smaller fraction it doesn't imply that whatsoever.

Energy produced or consumed?

🤔

There is no upper limit on either,