ORDA HAS SIGNED A MEMORANDUM OF UNDERSTANDING ON COLLABORATION ON CARBON PROJECT DEVELOPMENT WITH DARKHAN-UUL PROVINCE AND HK’S C14 LIMITED.
ORDA fintech platform (ORDA) is excited to announce the signing of the Tripartite Memorandum of Understanding (MoU) for carbon trading with Darkhan-Uul Province and Hong Kong’s CFourteen Limited. The three parties have agreed to collaborate on carbon project development.
In the memorandum of understanding, signed by Mr. Javhlan Banzragch, Deputy Governor of Darkhan-Uul Province responsible for Budget and Finance, Project Programs, Production, and Environmental Policy Affairs; Mrs. Kherlenchimeg Altankhudaga, the Financial Director of ORDAPlatform; and on behalf of CFourteen (C14), CEO Mr. Brian Au.
The primary objective of this collaboration is to secure direct investments from both foreign and domestic markets for agricultural and soil rehabilitation projects employing biological methods. The focus will be on afforestation initiatives and sustainable management of forest resources within the Darkhan-Uul province and Darkhan City. Subsequent to project implementation, certification will be sought to validate the reduction and removal of carbon dioxide in compliance with international standards and regulations. These certified projects will then be eligible for trading in the international carbon credit market.
Hong Kong’s C14 is involved in advising on international trends and research, connecting international investment banks and funds to this project, and assisting in obtaining certification for the carbon credit trading project.
Darkhan-Uul Province: Darkhan-Uul Province is on a mission to “support the development of the province by providing optimal policies and regulations.” Through the implementation of this project, there is an opportunity to capitalize on our local resources, including land and forests, on an international scale, without the need to wait for funding from the state budget or other donor organizations. This approach aims to achieve certain sustainable development goals. Darkhan City is pleased to envision itself as a sustainable model city in the future.
**ORDA:** ORDA is a Re-Fi technology platform. ReFi (Regenerative Finance) is more transparent and accessible than the traditional financial system.
ReFi serves as the cornerstone of the system for financing society, nature, ecology, ecosystems, and the environment. Unlike traditional financial systems, ReFi systems enable all stakeholders to participate in the decision-making process.
ReFi financing will be allocated for environmental, social, and governance problem-solving.
ORDA has consistently innovated in the fintech sector, offering opportunities for alternative investments in non-traditional assets such as real estate, artworks, green loan portfolios, and various other alternative investment types.
We are the winners of Finolab’s Finopitch 2023 competition, a highly competitive Japanese accelerator program that involves collaboration between Japanese technology companies, major international banks, and regulatory agencies. Additionally, we have successfully secured a spot in the Top 3 of the Youth Ecopreneur 2023 competition hosted by the United Nations Convention to Combat Desertification.
In the realm of non-traditional investments, the ESG (Environmental, Social, and Governance) sector, particularly the carbon sector, has witnessed significant growth recently.
Beyond financial gains, these investment opportunities also offer investors a chance to contribute positively to the environment. This holds particular significance for our country, which faces numerous pressing ecological issues, including air and water pollution, desertification, pasture scarcity, and more. Leveraging our natural and forest resources, the Carbon Market presents a viable solution to address these challenges.
CFourteen Limited: C14 is a biological carbon removal project development company based in Hong Kong. Aims to provide biological carbon removal project development and trading services. They focus on soil organic carbon (SOC) improvement in agricultural and other land activities in order to remove carbon from the atmosphere.