CABA Information Series
(IS-2013-91) Carbon Disclosure Project Study 2011 Cloud Computing – The IT Solution for the 21st Century
This report from Verdantix examines cloud computing and its ability to create a lower carbon business model. The adoption of cloud computing allows firms to deliver on sustainability while reducing costs. Executives are coming to view cloud computing as a way to transition to a lower carbon business model while increasing the efficiency and effectiveness of business operations. From an economy-wide standpoint, US businesses with annual revenues of more than $1 billion can cut CO2 emissions by 85.7 million metric tons annually by 2020 as a result of spending 69% of infrastructure, platform and software budgets on cloud services.