Norwegian oil major Equinor believes global wind power output must increase around nine-fold from the present level for the world to reach the goals of the Paris Agreement and limit global warming to well below two degrees Celsius.
SIGN UP FOR OUR NEW ENERGY TRANSITION NEWSLETTER
Gain valuable insight into the global oil and gas industry's energy transition from Accelerate, the new weekly newsletter from Upstream and Recharge.
Sign up here.
The surge in wind power production would be needed as electricity demand is slated to rise by 80% under the newly-introduced ‘Rebalance’ scenario in Equinor’s ‘Energy Perspectives 2020’, the latest installment of the company's annual long-term energy market outlook.
