Pact is working toward a future where all people enjoy the benefits of modern energy by connecting supply and demand for energy, removing market distortions and ending energy poverty.
Globally, more than 1 billion people lack access to energy. For developing communities, this presents a major roadblock to progress, in areas from education and livelihoods to health and food security.
With a focus on innovation and social enterprise, Pact’s Energy for Prosperity program works to improve access to energy as part of an integrated approach to development that creates the systemic changes needed to improve people’s lives.
We collaborate with governments, companies, investors and other civil society organizations to connect supply and demand for energy, remove market distortions and work toward a future in which all people have the skills and resources they need to enjoy the many benefits of modern energy.
Energy for Prosperity began in Myanmar and is now expanding globally. From solar home systems to mini grids, we’re advancing reliable solutions that are safer, cheaper and cleaner than typical alternatives such as wood, kerosene, candles and diesel. With increasing access to energy, the communities we serve are launching and expanding new businesses, powering farm equipment and drinking water systems, reading to their children at night and more.
Expanding access to energy can contribute to achieving each of the Sustainable Development Goals, and is a goal in itself, making it a crucial part of the global development agenda.
A global transition to modern energy services does not have to mean significant negative impacts for developing communities that rely on mining. With our integrated approach, our Mines to Markets program and participation in initiatives such as the Global Battery Alliance, Pact is working to ensure responsible mineral supply chains and clean energy storage.
Energy for Prosperity guiding principles:
- Technology agnostic, community focused. We work to implement solutions that best meet the needs of the communities we serve.
- Fair market competition. We do not advocate for individual service providers or vendors. Instead we seek to stimulate the creation of well-functioning markets.
- Evidence-based. We design solutions and select service providers based on empirical research and comparative analysis, with input from communities and technical experts.
- Renewable Energy Solutions. We believe in a clean energy future, but we also approach the energy access challenge pragmatically, working with communities to identify the most sustainable, cost effective solutions.