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The Information and Communication Technology (ICT) sector is a significant global industry, and addressing climate change is of critical importance. This paper aims to assess the resources utilized by the ICT sector, the associated negative environmental impacts, and potential mitigation measures. In order to understand these aspects, this study attempts to categorize the resources used by ICT, analyze the amount consumed and the resulting negative impacts, and determine what measures exist to mitigate them. An economic and empirical evaluation shows a negative trend in ICT’s resource consumption, mainly due to increased energy consumption and rising carbon emissions from devices such as smartphones and data centers. The investigated countermeasures focus on Green IT strategies that encompass energy efficiency, carbon awareness, and hardware efficiency principles as outlined by the Green Software Foundation. Special attention is given to reducing the environmental footprint of data center operations and smartphones. This paper concludes that Green IT strategies, although promising in theory, are often not implemented at an industry level.