The oil crises of the 1970s motivated industrial economies to get smarter about fuel consumption. Now the digital economy faces a similar inflection point.
The growing global demand for technology is consuming energy at an increasingly unsustainable rate. It’s also creating unanticipated opportunities to boost renewable energy and reduce the industry’s carbon footprint. Will we rise to the challenge?
By 2025, computing will use 20% of the world’s electricity and generate 5.5% of its carbon emissions.
Data centers are still 80% powered by fossil fuels.
Global power consumption is projected to triple by 2023.
If blockchain were a country, it would rank 39th in the world for energy consumption.
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About Dan Wellers
Dan Wellers is the Global Lead of Digital Futures at SAP.
About Christopher Koch
Christopher Koch is the Editorial Director of the SAP Center for Business Insight. He is an experienced publishing professional, researcher, editor, and writer in business, technology, and B2B marketing.