Businesses claiming carbon data rights certificates

Last updated 21 May 2025

Under the BidCarbon Standard Scheme, eligible carbon credit units are entitled to a number of carbon data rights certificates (CDRCs).

The majority of eligible carbon credit unit owners choose to assign the right to CDRCs to a registered agent, as receiving an upfront financial benefit is often a simpler process, and faster than creating and trading the certificates independently through the open CDRC market or the BidCarbon marketplace. Registered agents who claim CDRCs have different document requirements for eligible carbon credit unit owners claiming CDRCs.

Assigning the right to create CDRCs to a registered agent

A written asset valuation report is provided using a sample asset valuation report from an accredited asset appraisal agency, confirming:

● all methodological requirements have been met

● valuation based on the replacement cost of data assets

● the asset valuation report must specify the value of each net reduction/removal (total value of data assets divided by the net reduction/removal in the Certification of Entitlement).

● the basic information, ownership status, economic status, and quality status of the assets should be introduced.

Written asset valuation report

All paperwork must be completed and signed before creating carbon data rights certificates (CDRCs). The Operating Companies may request this paperwork at any time during the carbon data rights certificate validation process.

All supporting documentation including statutory declarations must be provided to the Operating Companies during the registration of CDRCs.

You are able to upload documents into the BUC Registry at the time of submitting your application using the document upload functionality. This will reduce your need to contact us throughout the CDRC claim process and potentially expedite the assessment process.

Please note your application may be failed if you are unable to provide additional information to support your claim for CDRCs.

The documents outlined on this page are designed to assist you to ensure you have collected all the necessary information to create carbon data rights certificates under the BidCarbon (Carbon Farming) Standard and the BidCarbon (Carbon Farming) Specifications.

Failure to complete the documentation on this page may result in:

● carbon data rights certificates being failed and unable to be traded or sold in the market

● a warning issued and further education in response to first or minor offences

● suspension from participating in the scheme for ongoing or serious offences, and

● civil prosecution, if required.

If you need more information regarding the documentation you need to provide, or are unable to provide part of this documentation, please contact us.

Submitting your documents