Global CO2 emissions are expected to decline 8% in 2020, falling to their lowest level since 2010. This drop in emissions is no cause for celebration, since it is the result of a global health crisis, surging unemployment and tremendous economic hardship. Even the flattening of CO2 emissions during the robust economic growth of 2019 was far from the annual 6% reduction required in the IEA’s Sustainable Development Scenario (SDS), which is fully aligned with climate goals of the Paris Agreement.