Faster progress on implementing clean energy technologies such as carbon capture, utilisation and storage (CCUS) and hydrogen is crucial if the global energy industry is to hit its emissions-reduction targets, according to the International Energy Agency (IEA).

To avoid the worst consequences of climate change, the global energy system must rapidly reduce its emissions, the Paris-based agency said in its Energy Technology Perspectives 2020 report released on Thursday.

“Global CO2 emissions are set to fall in 2020 because of the Covid-19 crisis, but without structural changes to the energy system, this decline will be only temporary,” the report warned.