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- Users Fear the UK’s Carbon Tax Will Push Investment Overseas as Operating Costs are hit by the Carbon Reduction Commitment Efficiency Scheme Tax
One third of UK data center operators believe that the UK CRC will drive IT and data center facilities overseas.
In a survey of some of the UK’s biggest data center operators 33% said it was probable or very likely that UK CRC efficiency scheme tax would increase IT and data center facilities moving off shore and almost half (47%) said it was possible that the scheme would push investment overseas.
83% said they are concerned about the rising cost of purchasing carbon allowances and 81% are concerned about the rising uncertainties surrounding the CRC scheme.
In October’s Comprehensive Spending Review the Government announced that it would retain the fees paid for carbon credits which must be purchased from April 2011 by companies using 6,000MWH of power, scrapping a plan to rebate companies which were the best performers in reducing energy use and cutting carbon emissions.
By effectively turning the scheme into a tax, big power users such as data centre operators now face the double impact of rising power costs and costs for purchasing carbon credits.
DatacenterDynamics London conference on 9th and 10th of November at the Lancaster London Hotel, W2 has a number of sessions examining the implications and the impact of the carbon tax.
9th November, Hall 2, 0915
CRC Update – The Implications of the New Tax
Mark Bailey, Partner – Speechly Bircham LLP & UK Council of Data Centre
Operators – Intellect
9th November, Hall 3, 1510
The CRC and Energy Efficient Solutions
9th November, Hall 2, 1655
Panel: From the Carbon Reduction Commitment to the CCA – Is it out of the
Frying Pan into the Fire, or in Fact a better Deal for UK Data Centre
Operators? Panellists:
BCS Chartered Institute for IT
Thomson Reuters
Enviros Consulting
10th November, Hall 4, 1000
The Carbon Reduction Commitment – The Drivers behind the Scheme and how the Changes Will Affect You
DatacenterDynamics Research Group conducted an online survey of 80 of UK data center operators.