Google and Intel, along with seemingly everyone in tech, today heralded the formation of the Climate Savers Computing Initiative. Yup, it's the millionth such announcement this month alone, but this one has the makings of a winner.

Everyone has been invited to this party and they accepted. The list of initial supporters includes Microsoft (rivals on board, a good sign), Dell, HP, IBM, AMD, Hitachi, EMC, Lenovo, Sun, MIT, One Laptop Per Child, Ubuntu, Starbucks (geeks LOVE coffee), the EPA, and the list goes on and on...

So what's the point? Listen (or read, rather) to what Urs Hölzle has to say:

Today, the average desktop PC wastes nearly half of its power, and the average server wastes one-third of its power," said Urs Hölzle, senior vice president, Operations & Google Fellow. "The Climate Savers Computing Initiative is setting a new 90 percent efficiency target for power supplies, which if achieved, will reduce greenhouse gas emissions by 54 million tons per year -- and save more than $5.5 billion in energy costs.

See, there’s truth to stories of PCs doubling as space heaters!

By 2010, the companies involved hope to reduce greenhouse gas emissions by the equivalent of taking 11 million cars of the road or "shutting down 20 500-megawatt coal-fired power plants." You can read more about it here or head over to the Climate Savers site linked above.