What is Klima?

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

Klima standardises diverse carbon credits into clear carbon classes, concentrates liquidity around them, and enables real-time pricing and settlement.

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

Today’s carbon markets are fragmented, slow, and opaque conditions that limit comparability, hinder capital flow, and raise transaction costs. Klima exists to solve these structural issues.

What Klima Enables

Standardisation through Carbon Classes

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

Real-Time Pricing and Settlement

Smart contracts continuously update prices based on market input, enabling instant execution without intermediaries.

Liquidity at the Core

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

Transparent Market Data

Pricing, portfolio composition, flows, and value distribution are visible on-chain. Market participants and auditors can inspect, analyse, and build on top of the data.

How Klima Works

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

The Protocol automatically adjusts its acquisition ranges and trade parameters based on market inputs.
Suppliers sell carbon credits directly to the Protocol.
Buyers purchase carbon retirements at transparent, real-time prices.
Liquidity providers support seamless entry and exit.
All value created flows back to the participants who support the system (see Yield & Governance Handbook).

The result is a coordinated, rules-based market mechanism. Open and neutral, and governed by its users.

Why Klima Exists

Carbon markets have not yet matured into a scalable, investable asset class due to:

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

These structural barriers impede capital allocation to high-quality climate projects.

Klima’s mission is to build the infrastructure the market needs: transparent pricing, real liquidity, standardised units, and an open system where value flows to participants, not intermediaries.

By modernising the market’s core plumbing, Klima aims to help carbon markets evolve into what they should be: a high-integrity, investable climate asset class capable of accelerating global decarbonisation at scale.

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 four separate handbooks.

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