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 an investable asset class 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 value-distribution model that returns 100% of value to users.

How Klima Works

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

• Dynamic market parameters: The Protocol automatically adjusts its acquisition ranges and trade parameters based on live market inputs.

• Direct carbon sales: Suppliers sell carbon credits directly to the Protocol at guaranteed, real-time prices (Carbon Sellers Handbook).

• Instant retirement: Buyers purchase carbon retirements at guaranteed, real-time prices (Carbon Buyers Handbook).

• Deep liquidity: Liquidity providers supply continuous market depth, enabling seamless entry and exit and stabilising execution prices (Liquidity Providers Handbook).

• Incentive-driven value flow: All value created flows back to the participants via incentives (Yield & Governance 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, portfolio composition, flows, and value distribution are visible onchain. Market participants and auditors can inspect, analyze, and build on the data in real time.

Impact Over Extraction

• The Protocol charges no fees and does not obscure prices. Any value created through system activity is returned to users through a transparent, codified distribution mechanism.