Northedge Construction Partners with Solaxy Group to Achieve Net Zero Emissions by 2040

COQUITLAM, BC, CANADA, July 10, 2024 / — Northedge Construction Ltd. is proud to announce a strategic partnership with Solaxy Group Corp, marking a significant step towards achieving net zero emissions by 2040. This ambitious goal aligns with global efforts to combat climate change and supports the most stringent objectives of the Paris Agreement to limit global warming to 1.5°C. By 2030, Northedge Construction aims to eliminate all carbon emissions from its direct operations and the energy it purchases (Scope 1 and 2). In addition, the company pledges to halve emissions from indirect sources (Scope 3), which account for about 90% of the company’s total emissions and include supply chain activities, business travel, and the use of sold products. By 2040, Northedge Construction plans to have completely eradicated Scope 3 emissions, ten years ahead of its initial target. Arman Ghorbani, CEO of Northedge Construction, stated, “Northedge Construction is committed to leading by example in the construction industry. Our partnership with Solaxy Group underscores our dedication to reducing our carbon footprint and supporting a sustainable future. We are excited to take these decisive steps towards achieving full net zero emissions by 2040.” Solaxy Group will play a pivotal role in helping Northedge Construction meet their ambitious net zero pledge. Through innovative solutions, Solaxy Group will assist in enhancing energy efficiency, adopting renewable energy sources, and implementing stringent environmental criteria in supplier selection. This collaboration aims to ensure both companies contribute significantly to mitigating climate change. This new commitment enhances Northedge Construction’s ongoing efforts to promote environmental sustainability. The company has already made significant strides by sourcing 100% renewable electricity for its operations and committing to zero waste through recycling and reusing construction materials. In addition to these efforts, Northedge Construction is also focused on enabling its clients to reduce their environmental impact through the use of eco-friendly construction practices and sustainable building materials. This initiative is expected to significantly reduce carbon emissions in the construction sector and promote a more circular economy. Northedge Construction Ltd. is a leading construction and renovation company based in Vancouver, British Columbia, committed to delivering high-quality, sustainable building solutions. With a focus on innovation and environmental responsibility, Northedge Construction aims to set new standards in the industry. For more information, please visit our website or contact our media team directly. Arman GhorbaniNorthedge Construction us hereVisit us on social media:FacebookInstagram

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Carbon Market

AI’s Carbon Footprint: Navigating the Environmental Impact of Tech Giants

SAN JOSE – The relentless expansion of artificial intelligence (AI) is revolutionizing industries but at a substantial environmental cost. The burgeoning energy demands of AI technologies have raised significant concerns about their carbon footprints, prompting tech giants like Microsoft and Google to adopt innovative strategies to mitigate their impact. Here’s a deeper look at the complex relationship between AI’s growth and its environmental consequences, and how leading companies are striving to balance innovation with sustainability. The Energy Dynamics of AI AI’s capabilities, particularly in areas like machine learning and deep learning, are grounded in vast computational processes that require extensive data centers. These facilities are critical to AI’s operations but are also intensive energy consumers. The International Energy Agency (IEA) reports that global data centers used approximately 200 terawatt-hours (TWh) of electricity in recent years, nearly 1% of global electricity consumption. This figure is projected to increase as AI technologies become more prevalent, highlighting a pressing need for sustainable energy solutions in the tech industry. Surge in Carbon Emissions Recent data shows a troubling trend in the carbon emissions of tech giants. Microsoft has observed a near 30% increase in emissions since 2020, largely attributable to the expansion of data centers needed for AI operations. Google, too, has reported a nearly 50% increase in emissions since 2019. These figures are a wake-up call for the industry, underscoring the urgent need for effective carbon management and sustainable practices as AI continues to evolve. Microsoft’s Carbon Credit Strategy In an ambitious move to address its carbon output, Microsoft has secured a landmark carbon credit deal with Occidental Petroleum. The agreement entails the purchase of 500,000 carbon credits over six years, making it one of the largest deals of its type. This initiative is part of Microsoft’s broader strategy to become carbon negative by 2030. Carbon credits, particularly those from direct air capture (DAC) projects like Occidental’s Stratos facility in West Texas, represent a critical component in Microsoft’s sustainability efforts. Stratos, poised to be the world’s largest DAC facility, symbolizes a significant step forward in the technological fight against climate change, although it comes with high operational costs estimated between $400 and $630 per ton of carbon. Google’s Comprehensive Environmental Strategy Google has also pledged to achieve net zero emissions by 2030, focusing on reducing its own operational emissions and investing in external carbon reduction projects. The tech giant is enhancing its investment in renewable energy and adopting more energy-efficient technologies to manage the power requirements of its data centers. Google’s approach reflects a holistic strategy to environmental stewardship, emphasizing not only the reduction of direct emissions but also the development of broader industry solutions. The Future Landscape of AI and Energy The trajectory of AI technology suggests that energy demands will continue to grow, posing persistent challenges in balancing technological progress with environmental responsibility. The responses from Microsoft and Google highlight a critical industry shift towards more sustainable practices, including significant investments in renewable energy and carbon capture technologies. The path forward for AI technology will require a concerted effort from all stakeholders involved—corporations, governments, and consumers—to foster technological advancements while ensuring environmental sustainability. The initiatives by Microsoft and Google set a precedent in the tech industry, offering frameworks that other companies can adapt to balance growth with ecological responsibility. Through strategic investments in green technologies and sustainable practices, tech giants are paving the way for a more responsible approach to AI development. As the technology evolves, its alignment with stringent environmental standards will be crucial for the long-term health of our planet.

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Solaxy Group Corp. Launches Phase One of Orphaned Oil Well Capping Project in California

SAN JOSE, CA, USA, July 9, 2024 / — Solaxy Group is proud to announce the launch of its pioneering project to cap orphaned oil wells in California. This initiative is the first phase of Solaxy’s comprehensive plan to mitigate the environmental hazards posed by these abandoned wells. Project Overview: Initial Phase: Capping 6 high-risk orphaned oil wells across California. Environmental Impact: Preventing groundwater contamination, reducing methane emissions, and safeguarding local ecosystems and communities. Community Safety: Protecting public health by addressing the dangers posed by uncapped wells. Background on Orphaned Wells: Orphaned oil wells are remnants of decades of oil and gas development in the U.S., often abandoned without proper sealing. There are an estimated 3.5 million orphaned oil and gas wells nationwide, with approximately 130,000 documented. These wells pose significant risks, including groundwater contamination, methane leakage, and land subsidence. Key Project Highlights: Environmental Protection: Capping wells to prevent hazardous gas and substance leakage, protecting groundwater and reducing air pollution.| Community Safety: Ensuring nearby communities are not exposed to the risks of uncapped wells, demonstrating Solaxy’s commitment to public health and the environment. Sustainable Development: Contributing to natural habitat restoration and promoting a cleaner, safer environment. Project Details: Phase One: Capping 6 high-risk orphaned wells using state-of-the-art techniques for long-term integrity and safety. Partnerships: Collaborating with local authorities, environmental agencies, and community stakeholders to meet regulatory requirements and address community concerns. Future Plans: Expanding efforts to cap additional orphaned wells across California and other states, focusing on legacy pollution and ecological restoration. “We are excited to embark on this critical project,” said Danoosh Askarpoor, Vice President of Operations at Solaxy Group Corp. “The capping of these orphaned oil wells is a vital step in our ongoing efforts to address legacy pollution and promote environmental sustainability. We are committed to making a tangible difference in the communities we serve and ensuring a safer, healthier future for all.” Importance of the Project: Addressing orphaned oil wells is crucial for mitigating the environmental damage from past industrial activities. Methane emissions from these wells are a potent greenhouse gas, significantly contributing to climate change. By capping these wells, Solaxy is actively mitigating climate change and promoting environmental restoration. Community Involvement: Solaxy values community input and cooperation. The company is dedicated to ensuring the voices of those affected by orphaned wells are heard. Through community meetings, informational sessions, and open communication channels, Solaxy fosters a collaborative approach to environmental protection and sustainable development. About Solaxy Group Corp: Solaxy Group Corp. is a leading environmental solutions company dedicated to sustainable development and climate change mitigation. With innovative projects such as reforestation, clean cookstove distribution, and orphaned oil well capping, Solaxy strives to create a healthier planet for future generations. For more information, visit Jason BaconSolaxy Group us on social media:XLinkedInInstagramYouTube

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Climate News

The Great Carbon Credit Debate: Are Offsets Hindering Climate Progress?

SAN JOSE (SOLAXY) – The market for carbon credits is once again facing intense scrutiny as over 80 nonprofits rally against these financial instruments, accusing them of undermining genuine efforts toward achieving net zero emissions. In a fervent plea, organizations including ClientEarth, ShareAction, Oxfam, Amnesty International, and Greenpeace have called for the complete exclusion of carbon offsets from climate regulations and guidelines. “Allowing companies and countries to meet climate commitments with carbon credits is likely to slow down global emission reductions while failing to provide anything like the scale of funds needed in the Global South,” the coalition declared in a joint statement. They argued that relying on offsets reduces the pressure to implement large-scale mechanisms such as “polluter pays” fees on emission-intensive sectors. The nonprofits contend that the normalization of offsetting as a mainstream approach to reporting lower emissions is a dangerous trend. They cite a controversial statement by the board of the Science Based Targets initiative (SBTi) in April, which suggested that credits could be used to offset emissions from supply chains—a significant component of many companies’ carbon footprints. As the debate intensifies, the use of carbon credits is becoming an increasingly contentious issue in climate finance. Efforts are underway to revive the offset market, despite studies revealing it is fraught with inflated green claims and questionable climate impacts. Critics argue that it remains nearly impossible to verify the true effectiveness of these credits. In contrast, the U.S. government has recently endorsed the inclusion of carbon credits as part of climate finance, aiming to inject greater credibility into the market. Several nonprofits, including Conservation International, the Environmental Defense Fund, and the Nature Conservancy, have supported SBTi’s proposal for increased reliance on credits. However, the coalition of nonprofits behind the recent statement insists that carbon credits do more harm than good. “Offsetting, at best, does not reduce the concentration of greenhouse gases in the atmosphere; it simply moves emission reductions from one place to another,” they wrote. “The logic of offsetting is built on the idea that one entity gets to keep emitting. For this reason, offsetting often ends up providing the social license for high-emitting activities to continue while reinforcing past injustices.” Carbon credits send a misleading signal about the efforts required to pursue climate action and undermine carbon prices by providing a false sense of the existence of ultra-cheap abatement options around the world. These financial instruments risk disincentivizing the significant investments needed to ensure profound changes to corporate value chains and economic systems. As someone deeply invested in the fight against climate change, it is infuriating to witness this infighting among groups that should be united in their efforts. Instead of collaborating to find all possible solutions to combat climate change, we are stuck in a perpetual argument over which method is the right one. This bickering only serves to erode public trust in the entire industry, and it is no wonder why so many people remain skeptical. The reality is that achieving net zero emissions will require a multifaceted approach, incorporating various strategies and solutions. Time spent arguing over the merits of carbon credits versus outright emissions reductions is time wasted. We need comprehensive action, not division. The urgency of the climate crisis demands that we utilize every available tool to mitigate its impacts. Critics of carbon credits argue that they allow companies to buy their way out of making substantial changes to their operations. However, it’s crucial to recognize that while offsets are not a panacea, they can be part of a broader strategy to reduce emissions. The focus should be on ensuring that these credits are of high quality and genuinely contribute to emission reductions. The debate over carbon credits is emblematic of a larger issue within the climate movement: the tendency to become mired in ideological battles rather than forging a united front. We must move beyond this divisiveness and embrace a more pragmatic approach. The clock is ticking, and the planet cannot afford for us to waste time in endless debates. Ultimately, the fight against climate change will require a combination of immediate emissions reductions, technological innovations, and, yes, carbon credits. Every tool in the toolbox must be utilized effectively if we are to meet our climate goals. It is imperative that we focus on the bigger picture and work together, rather than allowing disagreements to derail our progress. The current clash over carbon credits highlights the urgent need for unity within the climate movement. We must harness every available solution, from emissions reductions to offsets, to address the crisis at hand. By overcoming our differences and working collaboratively, we can build a sustainable future for all.

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