Home / Carbon Farming / BidCarbon Standard Scheme / Carbon removal contract

Carbon Removal Contracts

Step 1

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Apply

Establishing a contract

Step 2

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Reporting and auditing

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Step 3

Delivery and payment

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Step 4

The Carbon Removal Contract within the Scheme offers incentives for Voluntary Emission Reduction activities across the Asia Pacific and African economies.

Participation in the BidCarbon Standard Scheme involves 4 steps.

You are eligible to take part in the BidCarbon Standard Scheme as an individual, sole trader, company, local or territorial government body or a trust.

To participate you will need to:

● apply to become an BidCarbon Standard Scheme participant

● register your project to receive BidCarbon removal units (BRUs).

If you are unsure of your eligibility to participate in the BidCarbon Standard Scheme, use the interactive questionnaire to find out if your project meets the scheme’s requirements.

More information on Step 1 – Apply

Step 1

Apply

Step 2

Contracts and auctions

BidCarbon Standard Scheme participants with a registered project may bid for a contract to sell their BRUs to the BidCarbon Climate Trading Company. The BidCarbon Climate Trading Company will run auctions to select bidders according to price. 

More information on Step 2 – Contracts and auctions

To obtain BRUs, it is necessary to provide reports on your enrolled projects, particularly on your emissions decrease. Furthermore, you will also need to have your project audited on a regular schedule.

More information on Step 3 – Reporting and auditing

Step 3

Reporting and auditing

Participants who have a contract with the BidCarbon Climate Trading Company will deliver BRUs according to the schedule in their contract, and will then be paid at the price bid at auction and set out in the contract.

More information on Step 4 – Contract management, delivery and payment

Step 4

Contract management, delivery and payment