Environmental Products and ServicesEnvironmental Products and Services is the core business of nearly 1,330 companies in Alberta, generating revenue of over $2.8 billion annually. Areas of Alberta expertise are: Remediation - Land, Water and Treatment, Climate Change Solutions, Waste Management, and Bio-Based Value Add Products. High growth sub-sectors are climate change management, energy efficiency, renewable energy, and alternative fuels/vehicles. Estimates of global market growth over the 2000-2006 period range from 7% to 9% growth per year. Future global spending in the sector is expected to see average annual growth between 4.7% and 7.7% over the next ten years, outpacing global economic GDP growth of 3.5%.11
The Foothills Region aims to capitalize on the competitive advantage of engineering talent in the Calgary Region, a nature-based inclination of people and places in the Foothills Region, a backdrop of geographic beauty, and leverage of initiatives and modest presence of environmental industries and services to attract manufacturing, consulting, engineering, and research and development activity.
The Town of Okotoks - with its multi-award winning Sustainable Okotoks initiative - positioned itself at the forefront of this trend-line 15 years ago. Today, the Town is considered a leading light in activity devoted to the environment. Other communities in the Region are steadily implementing initiatives.
11 Src: www.albertacanada.com and www.eco.ca/pdf/Canadian-Environmental-Sector-Trends-2010.pdf