Fossil fuel power demand has 'peaked worldwide,' analysis finds Sorry, but your browser needs Javascript to use this site. If you're not sure how to activate it, please refer to this site: https://www.enable-javascript.com/ A wind farm in Graincourt-les-Havrincourt, France | REUTERS AFP-Jiji Jul 14, 2021 Paris – Electricity generation from fossil fuel has peaked worldwide as emerging markets opt for cheaper renewable technology as part of a global shift to cleaner energy, analysis showed Wednesday. Renewable options such as solar and wind are already the cheapest source of new power generation in 90% of the world’s markets, meaning developing nations can avoid oil and gas as they seek to meet growing electricity demand.