CARBON CRAZE

Orchlon Enkhtsetseg, founder and CEO of Ureca, on building the world’s first carbon credit marketplace.

- Joel Chua

WHILE CARBON CREDITS have been billed as an effective tool in reducing carbon emissions globally, an overall lack of transparency and accessibility, coupled with inefficient and costly verification processes, means their potential has been largely left untapped. However, Singapore-based climate technology start-up Ureca hopes to change all that.

Ureca is building a platform that facilitates the trading and offsetting of verified, high-quality carbon credits in an open and accessible manner. Using blockchain technology and deep machine learning verification systems, it’s the first marketplace that lets just about anyone invest in meaningful climate action, empowering both grassroots communities and businesses to offset their carbon footprint and transition to carbon neutrality. Orchlon Enkhtsetseg, founder and CEO of Ureca, shares more about the platform and his start-up journey.