The US Treasury official welcomed South Africa’s decision to update its Integrated Resource Plan for electricity as it would offer an opportunity to integrate the country’s new NDC commitments into the plan, as well as other changes under way in the electricity market. Sharma also questioned whether it was possible to finance new coal and cautioned that it was likely that such assets would become commercially and environmentally “stranded” as the world sought to hasten decarbonisation efforts. He added that, while the building of new coal in South Africa was not a “red line” for the IPG it would make it harder for South Africa to achieve the lower end of the NDC, which is said to be compatible with a transition to net-zero by 2050.Įarlier, COP president Alok Sharma, of the UK, who visited South Africa partly to receive a six-month progress report on the JETP since COP26, acknowledged that some European countries were resuming coal operations to reduce reliance on Russian gas, but emphasised that these where short-term measures and that the main thrust in Europe currently was the acceleration of the energy transition away from fossil fuels. The Treasury official indicated that JETP-IP should include projects that were aligned with the lower end of South Africa’s NDC, which he described as the “North Star” of South Africa’s JETP, which the IPG hoped to use as a template for similar partnerships in other high-emission developing countries. He surprised the world a few weeks ago with the launch of his new song “Nazareno,” the first to be released after announcing a spiritual transformation, and one that’s rapidly becoming a summer hit.The JETP-IP will include a South Africa-developed portfolio of projects that will be funded initially from public financiers in the IPG countries, but could be broadened to include funds from other governments, as well as private financiers and philanthropists, given that South Africa will require far more than $8.5-billion to implement a transition to a low-carbon economy.Ī recent study by the Blended Finance Taskforce and the Centre for Sustainable Transitions at Stellenbosch University calculated that transitioning South Africa’s energy system will require $250-billion in climate finance over the coming three decades. With nine albums, and the same number of international tours in the last 12 years, and emblematic songs including “Passion Whine,” “Chillax,” “Krippy Kush,” and “Calma” next to Pedro Capó, Farruko is one of the most popular urban singers worldwide, who has achieved collaborations with the biggest representatives of the genre, including Daddy Yankee, Bad Bunny, Don Omar, Nicky Jam and J Balvin. Farruko is a favorite among reggaeton singers, and he has also cultivated other genres such as rap, trap, hip hop, R&B, dancehall, and non secular music. Tickets for the event are on sale at Ticketera.įarruko will be honored with the Dedicatoria Award, which is given to those who have defended their music, taking the genre to a higher level, and are the pure definition of the urban movement. The special awards will be handed out during the awards ceremony which will broadcast live for the first time on Telemundo on Thursday, June 23 at 7pm/6c, from the Coliseo de Puerto Rico in San Juan. San Juan, PR - JTelemundo announced today that international, award-winning music stars Farruko and Victor Manuelle, will be honored with the Dedication and Contribution awards, respectively, which will be bestowed upon by the “ Premios Tu Música Urbano” for their social and musical contributions within the urban genre.
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