Jeff Chamberlain discusses EV battery development and the shift in energy. Danielle DiMartino Booth previews the Fed's presser. Joanna Gallegos talks ETF flows. Kyle Kazan discusses the marijuana industry. Selma Hepp discusses real estate data. Ian Simm talks about the impact of record heat on physical assets.
The UK government has delayed the ban on the sale of new petrol and diesel cars until 2035, in line with Europe's commitment to a sustainable economy.
Impax Asset Management invests in companies driving the transition to a more sustainable economy, focusing on clean energy, energy efficiency, and electric vehicles.
Higher mortgage rates and limited inventory are challenging the real estate market, leading to a decline in home sales activity.
Deep dives
UK delays ban on sale of new petrol, diesel cars until 2035
The UK government has announced that it will delay the ban on the sale of new petrol and diesel cars until 2035, pushing back the previous deadline of 2030. This aligns the UK with the rest of Europe, which has already committed to a 2035 ban. The move is in line with the country's efforts to transition to a more sustainable economy and reduce its carbon emissions.
Impacts Asset Management focuses on investing in the transition to a more sustainable economy
Impacts Asset Management, with $50 billion in assets under management, invests in companies that are driving the transition to a more sustainable economy. The firm focuses on industries such as clean energy, energy efficiency, and electric vehicles. It sees the shift to a more sustainable economy as a major investment opportunity and aims to find companies that will be successful in the transition.
The impact of higher mortgage rates on the real estate market
Higher mortgage rates are challenging the real estate market, particularly for existing home sales. Existing home sales are trending down by around 23% year-to-date compared to the previous year. The decline in sales activity is compounded by the limited inventory of available homes. Until mortgage rates decrease significantly, it is unlikely that there will be a significant pickup in home sales activity.
Investing in the industrial revolution of clean energy
Impacts Asset Management invests in various areas related to the industrial revolution of clean energy, including large-scale wind projects, energy-efficient buildings, and renewable energy technologies. The firm sees opportunities for growth in these sectors due to advancements in technology, decreasing costs, and increasing consumer demand. Investments are aimed at companies that are well-positioned to be successful in the transition to a more sustainable economy.
Addressing the broader sustainability challenges across multiple industries
Impacts Asset Management recognizes the broader sustainability challenges across various industries, including water management, waste reduction, and pollution control. The firm invests in companies that offer innovative solutions to these challenges, such as advanced water treatment technologies and sustainable waste management practices. The goal is to support the transition to a more sustainable economy while generating positive environmental and social impact.
Jeff Chamberlain, CEO at Volta, joins to discuss EV battery development, energy technologies, storage, and investments, and the historic shift in energy that he believes is on the horizon. Danielle DiMartino Booth, Chief Strategist and CEO at QI Research, joins to preview Jay Powell’s presser on Fed Day. Joanna Gallegos, co-founder of BondBloxx, discusses ETF flows and investing strategies. Kyle Kazan CEO at Glass House (OTC: GLASF), joins to talk the marijuana industry and his company. Selma Hepp, Chief Economist at CoreLogic, discusses recent real estate data and outlook for the housing market. Ian Simm, CEO at Impax Asset Management, joins to discuss how record heat is affecting physical asset and which sectors and companies that are most at risk. Hosted by Paul Sweeney and Matt Miller.
