Answer truthfully: do you disconnect your television and other electrical devices every evening before you go to sleep? Or do you leave all the devices on stand-by? When it comes to reducing pollution and achieving the international climate goal, the rise of renewable energy sources such as solar and wind energy is grabbing a lot of headlines. ‘But in the short term, much more progress can be made by using the available energy more efficiently than by switching to cleaner sources’, says Luciano Diana, fund manager of the Global Environmental Opportunities strategy.
What a waste
In Europe, households represent a quarter of the total energy consumption1. A significant part of that energy use is wasted the moment we fall asleep in front of the television, switch on the vacuum cleaner before we move the furniture aside or forget to lower the thermostat when we leave the house. ‘Changing our daily patterns is often easier said than done’, explains Diana. ‘Yet it is only a matter of time before many households start to use energy more efficiently. This shift is not driven by a change in mentality, but by technological progress.’
The building of the future
Large real estate companies are at the forefront of this movement, explains Diana. ‘For these companies, a great way to improve the bottom line is to reduce energy costs. There are also additional advantages to developing and exploiting cleaner and more energy efficient buildings. Figures from the World Green Buildings Council2 show that the rental income is higher as a building becomes more sustainable. The shift to houses and buildings that use energy more efficiently is not only driven by financial returns, but by new regulations and environmental awareness. The shift to more energy efficient buildings is gaining more momentum.’
Important legal information
This marketing material is issued by Pictet Asset Management (Europe) S.A.. It is neither directed to, nor intended for distribution or use by, any person or entity who is a citizen or resident of, or domiciled or located in, any locality, state, country or jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation. The latest version of the fund‘s prospectus, Pre-Contractual Template (PCT) when applicable, Key Information Document (KID), annual and semi-annual reports must be read before investing. They are available free of charge in English on www.assetmanagement.pictet or in paper copy at Pictet Asset Management (Europe) S.A., 6B, rue du Fort Niedergruenewald, L-2226 Luxembourg, or at the office of the fund local agent, distributor or centralizing agent if any.
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