South Africa has been ranked third, after China and Brazil, in a new country-by-country assessment of 55 renewable-energy markets in Africa, Asia, Latin America and the Caribbean.
The Climatescope 2014 report and index, which has been compiled by Bloomberg New Energy Finance for American and British governments and development agencies, shows that clean-energy investments in developing countries have outpaced those in developed countries.
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It also calculates that the installed base in developing countries has more than doubled in the past five years to 142 GW, which is slightly above the total installed capacity of France.
China, Brazil, South Africa, India, Chile, Uruguay, Kenya, Mexico, Indonesia and Uganda are ranked in the top 10, with South Africa having surged ahead with nearly $10-billion worth of clean energy investment in the last two years.
South Africa, the study found, accounted for almost 90 percent of investments in sub-Saharan Africa during this period and was second-best globally on Climatescope’s ‘Clean Energy Investment’ ranking, based on the cumulative growth rate in 2012/13 of clean-energy investment – Uruguay led the ranking.
Solar accounted for the largest share of clean-energy investment to date, with a total of $6.7-billion out of the $9.4-billion invested in South Africa since 2006.
The study indicates that the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) has transformed the sector since its introduction in 2012. Prior to the REIPPPP reverse auctions, only $0.6-billion had been invested in renewables.
However, the country still performed poorly (36th) on the ‘Enabling Framework Parameter’, owing to its low electricity prices and other market-limiting developments, such as the fall in power demand in 2013. Only its clean energy policies scored well, the report notes.
South Africa also scores highly for the quotient of locally based financial backers, which amounted to $2-billion of the total $9.4-billion.
“South Africa’s commercial banks have been major supporters of renewables and the main reason the country achieved a good score on the local investment indicator. Investment has also come from government institutions and asset managers within the country,” the study says, highlighting the role of the Industrial Development Corporation, which has financed 16 clean-energy projects to date. However, the country’s largest deal in 2013 was the Eskom Upington solar thermal electricity generating plant, which did not fall under the REIPPPP.
The Eskom project will cost $1.2-billion, with all debt provided by development finance institutions. The next largest deal was ACWA Power’s 50 MW Bokpoort solar thermal plant at a cost of $506-million, followed by Cennergi’s Amakhala Emoyeni wind farm, at $412-million.
Overall, Climatescope 2014 has also found that developing nations represent a large and rapidly growing share of the world’s clean energy investment.
From 2008 to 2013, Climatescope countries added 142 GW of new, non-large hydro renewables capacity, which represented a 143 percent growth rate. By comparison, developed countries added 213 GW, posting a clean energy capacity growth rate of 84 percent.
“The results suggest renewable technologies can be just as cost-competitive in emerging parts of the world as they are in richer nations,” the study asserts, adding that developing countries are rapidly strengthening their policy frameworks to support more clean energy investment.
In a significant stride towards inclusivity, Botswana’s National Assembly has ratified the groundbreaking Persons with Disability Act. This legislation is a cornerstone in protecting the rights and promoting the economic well-being of individuals with disabilities
At the heart of this act is the creation of two pivotal bodies: the National Disability Coordinating Office and the National Disability Council. These institutions are set to revolutionize the integration of disability affairs into the national fabric, as outlined by the Minister for State President, Kabo Morwaeng. Morwaeng highlighted the alignment of this act with the global Convention on the Rights of Persons with Disabilities (CRPD), underlining Botswana’s commitment to international standards in disability rights.
During his address to Parliament, Morwaeng disclosed Botswana’s inaugural CRPD report submission to the UN, underscoring the nation’s dedication to global dialogue on disability rights. Furthermore, he unveiled plans for a comprehensive assessment to understand the socio-economic realities of disabled individuals and their families. This initiative, complemented by the strengthening of existing programs, aims to empower this community, ensuring their integration and prosperity in society
Morwaengâ€™s call to action was clear. He urged a collective shift in developmental agendas to accommodate and prioritize disability issues, advocating for an inclusive societal framework.
An ambitious budget of P35,631,600 has been allocated to bridge gaps in Disability Economic Empowerment, alongside critical studies and the establishment of the National Emergency Operations Centre. Concluding his presentation, Morwaeng appealed to fellow governmental departments to allocate funds diligently to fulfill CRPD and Persons with Disabilities obligations, marking a new chapter in Botswana’s legislative history towards inclusive development.
Kabo Matlho, a luminary whose fame once graced the grand finale of My Star, is poised to enchant the music realm once more with an upcoming solo ventureâ€”an RnB and Hip-Hop Extended Play (EP)â€”heralding his grand resurgence after a hiatus that spoke volumes.
During a telephonic confab with our editors, the virtuoso, navigating the world from the confines of his wheelchair, confided that while the exact launch date of the EP remains shrouded in mystery, he is fervently working towards a mid-2024 reveal. Matlho shared the trials of his odyssey, especially the cold shoulder he received from the industry ambushes, crediting the harsh exclusion to his physical predicament.
“The scene calls me once more, for the absence has been both a sabbatical and a shadow. The road for an artist, enveloped in the embrace of wheels, is strewn with fewer welcomes and scarce stages. Yet, herein I forge my return, with the precise hour of my EP’s birth still nestled in the coming chapters, assuredly within this yearâ€™s embrace,” Matlho unveiled with a determination that shone bright.
Probed on his choice for a solo EP, the melody weaver expressed a desire to not only rekindle his essence but to stand solitary under the spotlight, nurturing his brand to vigor before possibly blending it with the talents of othersâ€”once his career phoenix rises anew from its ashes.
Elaborating on his Extended Play, Matlho shared visions of its essence, where the soul of RnB intertwines with the spirited rhythm of Hip-Hop, crafting an audial tapestry that not only returns to his roots but also ventures into previously uncharted territories of his musical domain. With resilience, Matlho faces the crossroads of his artistry, embracing the whisperings of Hip-Hop that tease the boundaries of his comfort, embarking on this path with a heart both apprehensive and ablaze.
The Botswana DanceSport Association (BODANSA) has been graced with a financial boon of P45,000 courtesy of Turnstar Holdings. This generous endowment is earmarked for the illustrious Botswana International Dance Sport Grand Prix Championships, which are scheduled to animate Gaborone from Friday to Saturday.
At a media engagement held early today, BODANSA’s Marketing Maestro, Tiro Ntwayagae, shared that Turnstar Holdings Limited has bestowed a gift of P45,000 towards the grand spectacle.
This enchanting space will also serve as the battleground for the preliminaries of traditional dance ensemblesâ€”spanning the rhythmically rich Setapa to the euphoric beats of Sebirwa, the spirited Seperu, the heavenly Hosana, and moreâ€”in a competition folded into the Traditional Dance Groups Category. The ensemble that dances into the judges’ hearts will clinch a grand prize of P10,000,” elaborated Ntwayagae.
He further illuminated that the cultural eve would not only celebrate traditional melodies but also the fresh beats of contemporary dance variants including Hip Hop, Sbujwa, Amapiano, among others, in a dazzling display of modern dance mastery.
Moreover, these championships carry the prestigious recognition by the World DanceSport Federation as a qualifying round for the Breakdance category for the Paris 2024 Olympics. “This is a monumental opportunity for athletes to leap towards their Olympic dreams during one of the penultimate qualifiers,” underscored Ntwayagae.
Looking ahead to March 2, 2024, the festivities will propel into the University of Botswana Indoor Sports Arena for the championship’s climactic showdowns encompassing Breakdance, Latin, and Ballroom Dancing.