Energy Update

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(Mon, 20 Jul 2015) Nuclear power currently makes up slightly more than 2% of China's total power generation. However, the Chinese government has a stated goal to provide at least 15% of overall energy consumption by 2020 (increasing to 20% by 2030) from non-fossil fuel sources, including nuclear, hydroelectricity and other renewable sources. To help achieve this target, China plans to increase nuclear capacity to 58 gigawatts (GW) and to have 30 GW of capacity under construction by 2020.

SYDNEY, July 20 (Reuters) - An Australian court issued an arrest warrant on Monday for former mining billionaire Nathan Tinkler after he failed to appear for questioning over the collapse of his thoroughbred racing and breeding business.

BEIRUT, July 19 (Reuters) - An unlikely group in the Middle East has found common ground in recent days: Saudi Arabia, Israel and hardliners within Iran have all made clear they consider the landmark nuclear deal between Tehran and world powers a very bad idea.

SYDNEY/WELLINGTON, July 20 (Reuters) - Shares in Australian gold miners were hit hard as the international price of the precious metal sank to a five-year low on Monday, but banks and technology firms managed to offset commodity weakness, leaving the overall index little changed.

* Government clean energy fund told not to invest in wind farms

BENGHAZI, Libya, July 20 (Reuters) - Libyan war planes on Sunday sank one ship and attacked a second vessel near the eastern city of Benghazi, military spokesmen for the country's internationally recognized government said on Monday.

BENGHAZI, Libya, July 20 (Reuters) - A Libyan war plane on Sunday attacked and sank a vessel near the eastern city of Benghazi, a spokesman for the air force allied to the country's internationally recognized government said.

* Government clean energy fund told not to invest in wind farms

BEIRUT, July 19 (Reuters) - An unlikely group in the Middle East has found common ground in recent days: Saudi Arabia, Israel and hardliners within Iran have all made clear they consider the landmark nuclear deal between Tehran and world powers a very bad idea.

WASHINGTON, July 19 (Reuters) - The State Department said it sent to members of Congress on Sunday the nuclear agreement reached last week between Iran and six world powers, including annexes and related materials.

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