What is Klima?

Klima is open, rules-based market infrastructure for carbon markets, delivering transparent pricing, deep liquidity, and 24/7 settlement.

Today’s carbon markets are fragmented, slow, and opaque. These structural issues prevent the market from scaling into a reliable, accessible market and restrict capital flow to high-quality climate projects.

The core challenges are well-known:

• inconsistent standardisation

• limited fungibility

• fragmented liquidity

• opaque pricing

• slow settlement

• lack of trust and comparability

Klima exists to address them. By providing transparent pricing, standardised carbon units, deep liquidity, a neutral execution layer, and a transparent incentive mechanism with no fees or retained surplus.

How Klima works

Klima coordinates carbon market activity through open-source smart contracts on the Base network:

• Dynamic market parameters: The Klima Protocol automatically adjusts pricing bounds and eligibility constraints based on live market inputs (e.g. new supply, retirement demand).

• Direct carbon sales: Suppliers sell carbon credits directly to the protocol at programmatically determined, real-time prices (Carbon seller’s handbook).

• Instant retirement: Buyers purchase carbon retirements at guaranteed, real-time prices (Carbon buyer’s handbook).

• Deep liquidity: Liquidity providers supply continuous market depth,enabling continuous market access and consistent execution quality (Liquidity provider’s handbook).

• Incentive-driven value flow: Protocol incentives are used to encourage liquidity provision, usage, and system integrity. The protocol does not retain fees or surplus. (Stakeholder’s handbook).

The result is a coordinated, credibly neutral, rules-based market.

What Klima enables

Standardised carbon classes

• Credits with shared characteristics are grouped into transparent carbon classes, improving comparability, price discovery, and market depth.

Real-time, rules-based execution

• Smart contracts price and settle transactions continuously based on live market inputs, reducing dependence on intermediaries.

24/7 market access

• Users can transact across a range of whitelisted carbon credits, at any time, with low slippage and consistent execution quality.

Transparent market data

• Pricing, inventory composition, flows, and value distribution are visible onchain. Market participants and auditors can inspect, analyse, and build on the data in real time.

Impact over extraction

• The Klima Protocol charges no fees and does not extract value. Protocol incentives are allocated according to transparent, pre-defined rules to support participation and system operation.

Non-investment notice Klima is market infrastructure, not an investment product. Participation does not confer ownership of protocol-held assets or any right to redeem, withdraw, or monetise carbon credits, which may only be accessed for retirement via irreversible destruction.