What CIOs Should Know About Carbon Taxes

Forbes.com (Jul 15 2009) Cap and Trade , Carbon Tax

1. Proposed legislation will increase IT operating budgets. Carbon tax legislation currently before the U.S. Congress will significantly increase the cost of energy and spur major conservation efforts to wean our country off oil. And similar legislation is occurring around the world. Chief information officers should be paying attention because data centers are the single largest and most concentrated consumer of energy for most non-manufacturing businesses. Any increases in the cost of electricity will directly impact information technology's operational expenses budget. This makes U.S. carbon cap and trade, or similar legislation anywhere in the world, as important to CIOs with global responsibilities, especially during a time when there is no new money to cover significant energy cost increases. (Read Full Article)

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