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Macro Minutes: Scale Matters to Climate Initiatives
- 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.