BidCarbon Standard Scheme
The BidCarbon Standard Scheme is structurally robust and includes provisions for frequent review and enhancement. To ensure the credibility of the scheme, the Board of Trustees has appointed a Technical Governance Committee of five impartial specialists representing different fields, scientific domains, and institutions to examine BidCarbon removal units (BRUs) within the BidCarbon Standard Scheme. To ensure geographic and gender equilibrium, the chosen experts come from varied backgrounds. The panel has proposed multiple modifications to improve the governance, transparency, and positive outcomes of the project. These changes include the introduction of Non-carbon benefits and an overall increase in confidence in the scheme.
To access the BidCarbon Standard Scheme Review Discussion Paper and submit a contribution, please visit the BidCarbon Foundation consultation portal.
The BidCarbon Standard Scheme provides landowners, communities, and businesses with the opportunity to implement projects in eligible countries that avoid the release of greenhouse gases or remove and sequester carbon from the atmosphere.
A range of activities are eligible under the scheme and participants can earn BRUs. Each BRU represents one tonne of carbon dioxide equivalent (tCO2-e) sequestered or avoided by a project. BRUs can be sold to generate income, either to businesses or other private buyers on the secondary market.
The BidCarbon Foundation and BidCarbon Big Data Chengdu Limited. is in the process of developing an BidCarbon Marketplace that will make the trading of BRUs simpler, supporting rapidly increasing demand from the corporate sector. It will help foster growth in Voluntary Carbon Markets, where BDUs credited from approved BidCarbon Standard Scheme projects can be traded among individuals and businesses.
On this page
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How does it work
Want to participate in the BidCarbon Standard Scheme
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Contracts and auctions
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BidCarbon Standard Scheme methods
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Eligibility for the BidCarbon Standard Scheme
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HELPFUL LINKS FOR
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