Cryptocurrencies are kind of going in that direction, where the "value" that is reported as economic growth doesn't correspond to any kind of real-world matter or activity, but is simply assigned to some specific group of bits.
I can kind of believe that this virtual kind of growth could continue a long time without boiling the planet, but of course that doesn't make things less absurd, as the "value" would represent nothing objectively useful and would have to be maintained artificially - either through scarcity mechanisms like PoW etc, or through locked-down devices and ecosystems.
So that kind of "growth" could go on forever without burning the planet but would probably be a step back for civilization.