Overview and Outlook of Resource Optimisation and Environmental Markets Q4

Bruce Jenkin-Jones

Broad based optimism for 2014

Ian Simm

It's been a long time since the outlook for resource efficiency stocks and environmental markets has been quite as good as it is right now. The next 12 months look promising across our investment strategies, buoyed by a broad-based cyclical recovery from the deepest downturn in living memory.

But there is much more at play than a cyclical pick-up.  Away from the headlines, the last few years have seen the ratchet of building regulations, energy efficiency standards and pollution limits continue to tighten.  And, as the global economy recovers, companies exposed to these themes are seeing their earnings start to rise strongly as houses get built, cars roll off the production lines, and long-delayed infrastructure projects move forward.

Outlook for Asia


We look ahead to 2014 and consider the prospects for the main Asian markets in which we invest, and discuss some of the key themes which we believe will drive our resource efficiency markets across the region.

Pressing policy issues on the horizon


One of the compelling drivers of our resource efficiency and environmental markets is the continual tightening of global environmental policy.  As we approach 2014 we look at some of the most pressing policy issues coming over the horizon from Europe, the United States and China, and assess how they might affect our markets and drive investment opportunities.

Overview and Outlook of Resource Optimisation and Environmental Markets Q3

Bruce Jenkin-Jones

Post-election Germany goes to work on its Energy Turnaround


Following the resounding victory for Angela Merkel's CDU party in the September 22 federal elections, we expect a number of announcements on environmental and energy reforms to follow in the next few months.  However, the choice of SPD or Greens as coalition partner for the CDU is still unresolved and is likely to be a major influence on future reforms.  

Investors need to get off the fence on climate change

Ian Simm

Leaks from the UN's Fifth Assessment Report ("AR5") on climate change ("CC"), which is due out on 27 September, have once again stirred the hornets' nest and the airwaves are full of opinions from CC "believers" and "deniers" alike.  Although many observers will be inclined to sit on the fence, decision makers who employ scenario planning are actually well-placed to assimilate new information in the report; in simple terms, scenarios in which governments take additional action to reduce greenhouse gas emissions should be assigned higher probability.  In particular, investors, whether they are natural "scenario planners" or not, need to get up to speed with CC as an investment issue and consider taking steps to manage related risks and exploit opportunities.

Climate change and the five investment myths

Ian Simm

Talking about climate change is fashionable again.  In the year when the concentration of carbon dioxide in the atmosphere touched 400 parts per million for the first time in human history, President Obama has elevated the topic in his in-tray, the Chinese are experimenting with "cap and trade" and the Liberal Party in Australia is threatening to roll back policy. 

The Impax approach to investing in technology companies


Overview and Outlook of Resource Optimisation and Environmental Markets

Bruce Jenkin-Jones