As hyperscalers and cloud data centers grapple with the dual challenges of reducing Scope 3 emissions and managing escalating power consumption, the technology sector finds itself at a critical juncture. With global greenhouse gas (GHG) emissions on the rise, these entities face mounting pressure to adopt sustainable practices while meeting ever-growing demand for digital services, says GlobalData, a leading data and analysis company.
With the tech sector accounting for 2-4% of global GHG emissions and 7% of worldwide power consumption, hyperscalers and managed cloud service providers are responsible for a considerable proportion of the total. Rising energy costs and demand have become an increasingly important strategic and political issue.