Finger, MOA for Developing Clean Energy and Commercializing Carbon Credits in Laos

Finger announced on the 20th that it has signed a Memorandum of Agreement (MOA) for the development of clean energy and commercialization of carbon credits in Laos with the Energy and Minerals Research Institute (RIEM) under the Ministry of Energy and Mines of the Lao government and the clean energy research specialist company CTE Lao.

Laos is a country greatly affected by climate change, making the adoption of climate technology and international cooperation essential for sustainable development. Korean companies, including Finger, can contribute to solving Laos’ climate issues based on advanced technology and development experience. Through this, they can gain opportunities to pioneer new markets and strengthen global leadership. This MOA was established on the basis of such shared understanding to achieve public-private cooperation and long-term vision.

Finger will collaborate with RIEM and CTE Lao to promote clean energy development and carbon credit commercialization in Laos. Based on the MOA, they will initiate a “solar power pilot project.” They plan to jointly prepare greenhouse gas reduction projects and carbon credit businesses between countries under the Sustainable Development Mechanism (SDM) and Article 6.2 of the Paris Agreement.

Additionally, Finger plans to support the registration and commercialization of carbon credits by utilizing blockchain technology, thereby strengthening its position in the global climate technology market.

Through this cooperation, it is expected to support Laos’ sustainable development by utilizing various clean energies such as solar power, biogas, biomass, and energy storage systems (ESS), and contribute to international carbon neutrality efforts through securing carbon credits.

The combination of Finger and CTE Lao’s solar energy technology and RIEM’s local expertise is expected to lay the foundation for expanding carbon credit commercialization in Laos, starting with the pilot project. Finger’s blockchain-based carbon credit platform is anticipated to help Laos’ carbon reduction efforts gain international recognition.

Park Min-su, Vice Chairman of Finger, said, “Responding to climate change is one of the most important challenges of our time, and Finger believes it can contribute to solving this issue through the convergence of technology and finance.” He added, “Based on Finger’s technology and experience, we will actively support investment and growth of climate technology companies.”