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.

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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.