I've heard this call being out out in Europe and I think there is a fundamental misunderstanding of free markets. Western countries (especially Europe) need all

I've heard this call being out out in Europe and I think there is a fundamental misunderstanding of free markets. Western countries (especially Europe) need all energy companies to maximize production. Of course supply is inelastic in the short term but we had a year's notice. From my naive perspective, the current situation has uncovered a fundamental insufficiency of renewables in the very near term (i.e. going all in and updating it all just was not going to work). I have heard some leaders speak who understand the issue of incentives (it isn't rocket science) but I am curious how this was done in the past (e.g. WW2). I recall reading top tax rates being in the 80% range.