What is Klima?

Klima is open, transparent market infrastructure for the carbon markets.

Today’s carbon markets are fragmented, slow, and opaque. These conditions limit comparability, hinder capital flow, and raise transaction costs. Klima exists to solve these market challenges. It standardises diverse carbon credits into transparent carbon classes, concentrates liquidity around them, enables real-time pricing and settlement, and distributes 100% of the value created back to ecosystem participants.

The objective is straightforward: a market in which buyers, suppliers, and intermediaries can transact confidently, transparently, and at scale.

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.

Deep Liquidity for Entry and Exit

Participants can enter and exit positions at any time, with protocol-backed liquidity ensuring accessibility, low slippage, and stable markets.

Transparent Market Data

Pricing, portfolio composition, flows, and value distribution are visible on-chain. Market participants and auditors can inspect, analyze, and build on the data in real time.

Fair Value Distribution

The Protocol charges no fees and does not obscure prices. Any value created through spreads or portfolio growth is distributed entirely to users through incentives.

How Klima Works

Klima uses open-source smart contracts on Base to coordinate carbon market activity in real time:

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).
Incentive-driven value flow: All value created flows back to the participants via incentives (Yield & Governance Handbook).
24/7 liquidity: Liquidity providers supply continuous market depth, enabling seamless entry and exit and stabilising execution prices (Liquidity Providers Handbook).

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

Why Klima Exists

Carbon markets have not yet matured into a scalable, investable asset class.

Key structural barriers include:

inconsistent standards
limited fungibility
fragmented liquidity
opaque pricing
slow settlement
lack of trust and comparability

These issues restrict market efficiency and prevent capital from flowing to high-quality climate projects.

Klima’s mission is to build the infrastructure the market requires: transparent pricing, deep liquidity, standardised units, and an open system in which value flows to participants, not intermediaries.

Jump right in

The full protocol and app are scheduled for release by the end of December 2025. The actions described in the handbooks below will become available at that time.

Documentation is divided into five separate handbooks.

For the mathematical specification of the Klima protocol itself, please see whitepaper.klimaprotocol.com. For the technical specification, see the code on GitHub.