Macro Minutes: Scale Matters to Climate Initiatives

Key Points

• Big tech firms, in particular cloud services, play a role in addressing climate change because many efficiencies gained in energy usage are driven by improvements in technology.
• The top 5 cloud infrastructure companies spending on cloud services captures 65% of the $80+ billion cloud market.
• Similarly, large oil companies generate $43.3 billion more from alternative energy and energy efficiency than smaller oil firms.