Page 30 - Ebook HTKH 2024

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Other 7 ($0.4B) 8 ($0.5B) 13 ($5.3B) 28 ($22.6B)
1 “Other” includes initiatives such as hydrogen projects and battery storage
projects.
Source: Natural Resources Canada (2023)
In 2023 MPI, 233 energy and forest projects are classified as clean technology
projects, representing $159B in potential investment. One in three clean technology
projects are hydro projects, accounting for one-quarter of the potential capital value of

clean technology projects (78 projects valued at $38.9B).
Tier 2: Cloud Computing: Canadian technology companies are increasingly
adopting cloud solutions to improve energy efficiency and reduce carbon footprints. The
government is also supporting digital infrastructure development to facilitate this
transition.

Source: Statista Market Insights (2024)
According to the latest statistical results from Statista Market Insights, the
revenue in the Public Cloud market is expected to reach US$16.21 billion by 2024.
Software as a Service dominates the market with market volume expected to be

US$8.63 billion by 2024.
Revenue is projected to show a CAGR of 2024-2029 of 18.68%, leading to a
market volume of US$38.17 billion by 2029. Average spending per employee in the
Public Cloud market is expected to reach $743.50 by 2024.
Waste Management: Effective waste management programs have been
implemented nationwide to minimize environmental impacts. Canada has a well-

established recycling system and is continuously working to improve waste reduction
and resource recovery practices.

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