In terms of economy and climate, yes. In terms of biodiversity, we would still be in a mass extinction. But that's tangential to this post.
The fact is that we can't remotely compete with fossil fuels. Don't get me wrong: we need as much clean energy as we can find! But we also need to accept that it will not compensate fossil fuels. Which means that we need to organize our society to do less with less. Doesn't necessary mean less happiness (if we do it right). But less consumerism for sure.
Europe is forced to think about that right now, while the US are not. If Europe manages to handle their situation, then they will be in advance as compared to the US. Because the US will also most certainly reach a point were their fossil resources go down.