Cash for clunkers

Cash for clunkers
Environmental criteria
consumers receiving from €675 in Cyprus to €6,500 in Italy. Conditions of purchase also differ; in some countries drivers must buy vehicles emitting no more than 120g/km of CO2 whilst in other countries the limit is 160g/km. Some vehicles in certain countries emissions regulation), be run on electricity or hydrogen, or consume a maximum of 5 to 7 50% by 2050: Global fuel economy initiative
litres/100 km, ensuring that these schemes The global auto industry and governments have serve to benefit the environment as well as recently launched the Global Fuel Economy Initiative (GFEI) which sets a target to improve fuel efficiency in cars worldwide by 50% by 2050, which could save over six billion barrels of oil a year and cut nearly half the CO2 emissions from cars, significantly improving air pollution. US: one step further
The UN Environmental Programme, International Energy Agency, International Transport Forum and FIA publically endorsed a similar programme. The (International Foundation for Automobiles) Foundation, scheme has already been introduced in bills who launched GFEI early in 2009, believe we can achieve to the House and the Senate offering drivers a 30% saving in a decade using existing conventional up to $4,500 to scrap old, fuel-inefficient vehicles and buy more efficient replacements. Vouchers may also be offered for train and Cash for clunkers
bus travel in exchange for scrapping old
One measure that goes some way to meeting the GEFI
target is the so-called “cash for clunkers” initiative, taken up by 11 EU governments, including the UK, which is designed to further kick-start the automotive industry and Company winners
introduce smaller, more fuel efficient and lower emission vehicles on the road. This follows the recent US auto Companies in the IFSL Impax
bailout, which was contingent on General Motors Environmental Leaders Fund portfolio that
producing more fuel efficient models. The new scheme are set to be direct beneficiaries of these works by offering money or interest free loans to consumers who send their cars over a certain age to be scrapped, and replace them with newer, more efficient parts manufacturer specialising in turbo The scheme has been a success in Germany, where products that significantly increase the people are offered €2,500 to scrap cars that are nine efficiency of conventional cars and all are years old or more, and buy a vehicle less than a year old. significant holdings in the IFSL Impax
New registrations increased by 40% in March after the Environmental Leaders Fund portfolio,
scheme was launched at beginning of this year. About IFSL Impax Environmental Leaders Fund
The IFSL Impax Environmental Leaders Fund is a
sub-fund of the IFSL Impax Fund, a UK open-ended The IFSL Impax Environmental Leaders Fund invests worldwide in
investment company with variable capital. The fund was companies that are at the forefront of developing products or services to launched on 3 March 2008 and is available to investors solve the world’s most pressing environmental problems. For more information see www.impax.co.uk About Impax

Impax Asset Management is the leading UK specialist investor in the environmental sector, with circa £1 billion under
management and advisory. For more information about the company and our team of expert fund managers, see www.impax.co.uk. Under no circumstances should any information contained in this Bulletin be regarded as an offer or solicitation to deal in investments or as investment advice. The information contained in this bulletin is solely for the use of independent financial advisors in the UK and is not for distribution to individual investors. For the IFSL Impax Environmental Leaders Fund, Investment Fund Services Limited (“IFSL”) is the Fund’s Authorised Corporate Director. Impax Asset Management Limited manages the underlying assets of the Fund in its role as appointed Investment Manager. Please remember that past performance is not necessarily a guide for future returns. The price of the fund may well fall as well as rise. You may not get back the amount originally invested. Changes in exchange rates may affect the value of your investment. IFSL and Impax Asset Management Limited are authorised and regulated in the United Kingdom by the Financial Services Authority.

Source: http://www.ethicalinvestors.co.uk/news/archive_docs/1242220651_Impax%20Environmental%20Leaders%20May%2009.pdf