CREATING BETTER INFRASTRUCTURE
Energy as a Building Block for Prosperity
Cheap energy has been a crucial building block for today's global prosperity. Primarily enjoyed in the Global North, the world was also on track to reduce extreme poverty in the Global South. However, the unprecedented economic growth driven by fossil fuels has come at a cost, and the world is now struggling to fight climate change.
A just and equitable energy transition is essential for the Global South to build their economies and eliminate extreme poverty.
Access to energy is a fundamental prerequisite.
WHAT'S HAPPENING NOW
Africa contributes less than 2% to global greenhouse gas (GHG) emissions.
At the same time, due to a lack of investment in energy production and distribution systems, the continent faces some of the highest energy costs in the world.
Currently, 900 million people lack access to clean cooking, and 600 million people do not have access to electricity.
NEXT STEPS
PAL Energies' Response towards the Future
Over the next 15-20 years, Africa requires a pragmatic approach to energy policy and investments. The continent needs energy systems that can produce and distribute affordable energy today, while remaining useful for the production and distribution of clean, emission-free energy in the future.
Industry Partnerships
ABOUT PAL ENERGIES
35 Years of Experience
Licensed & Skilled Team
Commitment to Excellence
Sustainable Development
Founded in 2016, PAL Energies supports businesses that invest in making cleaner energy accessible to all, with a particular focus on clean cooking solutions in Africa.
PAL Energies consists of former senior executives from the global energy industry, bringing decades of experience in commodity trading, infrastructure development, and managing both mid- and downstream fuel businesses in emerging markets.
PAL’s partners have learned the (hard) way of leading projects and businesses across different countries in sub-Saharan Africa. They are multilingual, speaking English, French, and Portuguese, and many are either from the continent or have lived there. PAL’s partners are dedicated to driving Africa’s emancipation by investing in affordable and clean cooking solutions.