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It's mostly a self-own by the Europeans who bought into a failed model of energy production, aka "solar is already cheaper than coal", not realizing the importance of baseload power and how faked the numbers were on behalf of renewables.
As American energy policy is just as blundering, I don't think there's a master plan here. It's just incompetence all the way down.
It will be China, not the U.S., which benefits from lowered European industrial production. Curiously, China is building out new coal plants that will use more coal than all existing European plants. 2022 set the record for worldwide coal consumption. 2023 will be higher. So it goes.
Somewhere in a folder from the 1970s, there's a plan for a nuclear future for Europe. Maybe they should dust that off.
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