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In theory a massive global depression would be. In the same the drop in consumerism during the pandemic lockdowns had a measurable effect, a similar drop in anyone being able to afford anything could do the same.
But as the other user mentioned, the EU is already rolling back on environmental requirements to try and resist an economic downturn. Other countries and trade blocs might do the same. The lockdowns had a significantand rapid bounce back when they ended, upping emissions, which might be replicated. And of course a depression would also cause mass, irreparable harm to millions of people regardless of any environmental benefits it might entail.
Tl;dr: Possible? Yes. Probable? Hard to say. Worth it? Almost certainly not.
And that's assuming that this chain of events doesnt end in a shooting war. Those are not great for people or the environment.
We forget the need for "cheap and dirty" energy sources in that scenario. Just look at what happened with the covid.