Although the COVID-19 outbreaks have shocked global economies, new research says it could be the key to defeating climate change as the outbreaks are likely to result in a record-breaking 8% annual decline in carbon emissions—the largest decrease in history. Dr. Fatih Birol, the IEA Executive Director asid “It is still too early to determine the longer-term impacts, but the energy industry that emerges from this crisis will be significantly different from the one that came before.”