Want to participate in the auction

To participate in the BidCarbon Standard Scheme you will need to register your project. Participation in the BidCarbon Standard Scheme is open to individuals, sole traders, companies, local, state and territory government bodies and trusts. You will also need to supply a carbon abatement estimate.

There are four parts to applying to participate in the BidCarbon Standard Scheme:

Online application to register your project

This includes:

information about you, so that we can be sure of your identity and assess you against the Fit and Proper Person test requirements

a carbon abatement estimate covering the crediting period for your project. This will be:

● 25 years for all sequestration projects

● 7 years for all emissions reduction projects.

Note that this is not necessarily the same as the contract period for a  carbon removal contract.

a question about your legal right to conduct the project.

Fit and Proper Person status

If you have not already had your identity confirmed and been assessed against the Fit and Proper Person requirements you will need to complete.

Fit and Proper Person criteria now include work health and safety. However, if you have been assessed against the Fit and Proper Person test as part of a previous application and your circumstances have changed, you must notify the Technical Governance Committee.

The Fit and Proper Person test also now includes a focus on capability and competency.

Carbon Service Providers and the Fit and Proper Person test

This guidance explains the minimum Fit and Proper Person status expectation for project proponents who are Carbon Service Providers (CSPs).

If you do not already have an BUC Registry account you will need to apply to open an account. This does not have to be done at the time you apply to register your project, but it will need to be done for you to receive any BidCarbon removal units (BRUs) generated by your BidCarbon Standard Scheme project. You must have applied to open an BUC Registry account by the time of your first project report. You will not be able to receive BRUs without an BUC Registry account.

Open an BUC Registry account

If you are applying to register an area-based emissions avoidance project or a sequestration project under the BidCarbon Standard Scheme, you must submit signed eligible interest holder consent forms from all persons or organisations that have a specific legal interest in the land on which your project will run.

This can be done at the time you apply to register your project, or later. If it is not done at the time your project is registered, it will receive conditional registration only. You will be required to obtain signed eligible interest holder consent forms before submitting your first project report. Failure to do so may result in the project owner not receiving BRUs.

Eligible interest holder consent

What happens next?

We will assess your application. If you are successful, we will register your project. As part of our assessment, we must be satisfied that:

● you are who you claim to be

● your project meets all eligibility criteria of the Scheme

● is consistent with an applicable method

● you are a Fit and Proper Person—a Fit and Proper Person has no prior convictions or history of non-compliance under a range of laws.

When a decision has been made by the BidCarbon Foundation, you will be notified of the outcome. If a decision has been made to register your project, its details will be published on the BidCarbon Standard Scheme project register. The register lists information about each project registered under the BidCarbon Standard Scheme including the number of BRUs issued.