Global challenges

Dramatic changes over the past 10 years underpin the resource efficiency markets.

Increased consumption

POPULATION PRESSURE:

6.2billion

to

7.0billion

The increase in the world population

HIGHER LIVING STANDARDS:

900million

to

1.1billion

The increase in the middle class population

 

Resource scarcity

FOSSIL FUEL INCREASES:

US$25per bbl

to

US$85per bbl

The amount oil prices have increased

 

COMMODITY INCREASES:

580%

The amount the scrap steel price has risen by.

 

Pollution

LOCAL AIR POLLUTION:

10million

the number of people who have died from preventable air pollution

 

CONTAMINATED LAND:

350m tonnes

amount of hazardous e-waste generated from electronic and electrical equipment

 

Global Responses

Falling costs of new technology

  • LED costs fallen by 90% US$0.01 per lumen
  • Solar installation costs fallen ca. 60%, global cumulative installed capacity increased 35x from 628 thousand to 22m households 

 

Tightening environmental policy

  • 55 countries had policies or targets in 2005, 100+ in 2010
  • EU:2005 - Emissions trading scheme launched, 2009 - 20% EU renewables target by 2020
  • China: 5-Year Plans a strong driver of investment into environmental sector 

 

Corporate activity

  • More than 40 Impax Environmental Markets holdings acquired
  • Average multiple 13.3x EV/EBITDA
  • Re-rating of remaining holdings