Secondly, too much emphasis has been placed on the co-benefits, which are the enemy to liquidity. Of course the co-benefits are important, but if the market was more liquid they would benefit more people and at a greater scale anyway. Currently, the people who benefit the most from selling based on co-benefits are the brokers and retailers, not the Project Developers, since matching buyers and sellers is much more manual. This means fewer funds are reinvested back into more climate action.