When EU was faced with insurmountable competition in the global food market they set up common agricultural policy and straight up fueled their agriculture with tax money since then making EU number one global exporter of food and beverages.

I wonder what obstacles there are for doing the exactly same in another key sector that is manufacturing means of energy production.

And chip manufacturing in the future probably.

If the obstacle to competitiveness is the high cost of labor due to European people being so rich it's only fair to alleviate the problem by using the tax money. It already worked for agriculture.