Solar power and clean cars are consistently underestimated by big energy, according to a new report by Imperial College and Carbon Tracker Initiative. The report projects that polluting fuels could lose ten percent of market share to solar power and clean cars within a decade. A ten percent loss of market share was enough to cause the collapse of the coal mining industry in the US, while Europe’s five major utilities lost some $100 billion between 2008 and 2013 because they did not prepare for an eight percent increase in renewables, the report said.
