Registered agent account

Last updated 2 May 2024

Agents

Under the BidCarbon Standard Scheme, registerd agents play a vital role in enabling businesses to benefit financially from carbon data rights certificates (CDRCs).

Financial institutions, wholesalers or retailers of environmental products can apply to the Operating Companies to become a registered agent.

Once registered with the Operating Companies, agents can have the right to create carbon data rights certificates assigned to them for units that meet the eligibility BidCarbon removal unit. The right to create certificates is often assigned in exchange for an upfront financial benefit such as a discount off the final invoice or cash payment.

Registered agent account

You can use a registered agent BUC Registry account to:

● create carbon data rights certificates for others

● transfer CDRCs for registration in the BUC Registry.

You must pay a one-off ￡230.00 application fee for this account.

For more information, refer to registered agents.

Eligibility

To be eligible, you must:

● have or apply to have a registered person account

● complete CDRC Smart prior to completing your application to become a registered agent

● fit the criteria of being a 'legal person'

● complete the proof of identity verification process

● understand the eligibility requirements for creating CDRCs

● follow the BidCarbon (Carbon Farming) Standard

● follow the BidCarbon Unit and Certificate Registry Standard 

● have an Company Registration Number (CRN)

● provide your TIN registration status, if applicable

● Pay fee.

Before you apply, you need to identify the type of account you need.

Other accounts