Home / Carbon Farming / BidCarbon Standard Scheme / Carbon removal contract / Step 3 - Reporting and auditing

Want to participate in the auction

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Establishing a contract

Step 2

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.

Reporting and auditing

Step 3

Step 4

Delivery and payment

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Apply

Step 1

Reporting

Assessment of project reports
Reporting frequency

All BidCarbon Standard Scheme participants are required to regularly submit reports on their projects at regular intervals.

Reports may require an audit report if specified in the project's audit report schedule to verify the accuracy of reported abatement. All reports must be submitted online through the BidCarbon Project Report and Crediting Application via the Online Services.

Guidance on how to apply for BidCarbon removal units (BRUs) using the BidCarbon Standard Scheme Project Report and Crediting Application form can be found here.

Auditing project reports
Reporting requirements
Audit types

For most projects, a minimum of three scheduled audits across the seven plus year crediting period is required.

All scheduled audits will need to establish reasonable assurance that the abatement achieved and reported on by a project is accurate.

Audit requirements

Auditing

Audit frequency