Liquidity is at the heart of any efficient market. It is critical for a couple of key reasons. First, it guarantees that buyers and sellers can trade easily. This reduces market volatility and overall risk for the market participants. Second, and arguably most importantly, it creates a transparent price signal for the underlying commodity. The current carbon market is disjointed; prices vary across registering body, country, project type, and vintage. Add on excessive and opaque broker fees and the situation becomes even worse. The lack of liquidity and efficient price signal in the carbon market today has discouraged organizations looking to reduce their carbon footprint from participating and made it difficult for project developers to secure funding.