Energy Update
MARRAKESH, Morocco, Nov 15 (Reuters) - U.N.
Secretary-General Ban Ki-moon said on Tuesday action on climate
change has become "unstoppable" and predicted that U.S.
President-elect Donald Trump would drop plans to quit a global
accord aimed at weaning the world off fossil fuels.
Electricity is a commodity — indistinguishable regardless of the source (all kWh are the same), available from different suppliers and easily transferable. But like many commodities, the cost of electricity varies depending on the location to which it is delivered.
LONDON, Nov 15 (Reuters) - Global efforts to cut greenhouse
gas emissions will continue even after the election of climate
change skeptic Donald Trump to the U.S. presidency and momentum
is growing to cut ship pollution, the United Nations' shipping
agency chief told Reuters.
LONDON, Nov 15 (Reuters) - Hedge funds turned bearish
towards oil prices at the fastest rate on record in the first
week of November amid growing doubts about whether OPEC will
reach a successful deal to curb its growing production.
Residential solar acquisition costs have been increasing, partially driven by high levels of penetration in established markets of California, New York and Massachusetts.
LONDON, Nov 15 (Reuters) - European shares climbed higher in
early trading on Tuesday, helped by energy stocks tracking a
rally in crude oil prices and bond-proxy sectors such as
utilities rebounding following a slight drop in yields.
PARIS, Nov 15 (Reuters) - French oil major Total
announced on Tuesday plans to equip 5,000 of its service
stations across the world with solar panels, which it said would
cut Total's electricity bill by $40 million a year.
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