American Power Conversion has devised an excellent tool, the Data Center Carbon Calculator, to help you changes in data center efficiency on energy consumption and carbon output. This handy measurement is part of a series of Trade-Off Tools (TM) developed by APC to help organizations examine virtualization, efficiency, power sizing, capital costs, and other key design issues.
The Data Center Carbon Calculator gives you valuable information on energy costs, broken down even to the state level in the US though alas not to the state level in Australia or by province in Canada. It presents two scenarios that you can adjust that will give you differing results, and in local currencies. This provides you with a general indication of how "green" your data center is today and how "green" it could be.
The APC kit does need a little refinement, such as the aforementioned need to granulate to different subjurisdiction, plus the ability to easily trackback or jump to other countries. Even so, I highly recommend looking at it and at the other toolkits that APC offers.
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