Global fossil fuel demand is likely to peak this decade as the clean energy economy grows, IEA says

• Global fossil fuel demand is expected to peak this decade as the clean energy economy booms, the IEA said.
• Past peak demand in the late 2020s, global use of oil could fall into an "undulating plateau" for a while.
• The clean energy sector has struggled recently, but remains "the most dynamic aspect of global energy investment."

The golden age of fossil fuels is coming to its close, and that close is coming soon.

"In all scenarios, the momentum behind the clean energy economy is enough to produce a peak in demand for coal, oil and natural gas this decade, although the rates of post-peak decline vary widely," the International Energy Agency said in a report Tuesday.