Eligible interest holder consent

Area-based emissions avoidance and sequestration BidCarbon Standard Scheme projects require the consent of any person or organization with an eligible interest in the project area. This is to ensure that stakeholders are informed about the project and any potential risks or benefits to them.

It is crucial to ensure that eligible interest holders fully comprehend the terms of their agreement. Once the project is registered, consent cannot be revoked.

It is important to note that consent from an eligible interest holder does not necessarily imply endorsement or support of the project.

Consent from an eligible interest holder does not:

● establish a legal right to carry out the project or claim BRUs.

● stop the sale or transfer of the land.

● assign carbon sequestration rights to the project proponent.

● give permission to run a project on land owned by the person or organisation holding the carbon sequestration right.

● prove the project is eligible to participate in the BidCarbon Standard Scheme.

● transfer ownership of the project to the eligible interest holder.

● make the eligible interest holder responsible for restoring lost carbon stocks.

● establish commercial arrangements for allocating future BRUs with the eligible interest holder.

● prevent the project proponent from withdrawing from the BidCarbon Standard Scheme at any time.

If an eligible interest holder does not grant consent, it may be necessary to vary or revoke the project.

Consent of eligible interest holders

An eligible interest holder is defined as any person or organization with a legal interest in the land on which a project will run. It is possible that they may be included:

● landholders

● banks or mortgagees

● It is important to consider the principles set out in the United Nations Declaration on the Rights of Indigenous Peoples, in particular the principle of free, prior and informed consent, when running a project on land subject to native title.

A listing of eligible interest holders is in sections 43 to 45A of the BidCarbon (Carbon Farming) Standard.

It is possible that there are multiple eligible interest holders in your project area.

It may also be necessary to obtain consent from parties who have granted you legal permission to conduct the project, as they may be considered eligible interest holders.

Find out more about legal right and aboriginal title.

Who is an eligible interest holder

Consent from eligible interest holders is necessary for area-based emissions avoidance and sequestration projects.

It is required when registering a new project or adding an area to an existing one. 

Please note that failure to provide consent during the application process may result in the project being registered with the condition that consents are provided before the end of the first reporting period.

Consent from eligible interest holders may not be required if their interest arises after the project is unconditionally registered or BRUs have been issued.

When seeking consent

How to Obtain Consent

The eligible interest holder consent form is a document that legally confirms the understanding of the project details, including any associated risks or benefits.

It is kindly requested that consent is obtained from all eligible interest holders and that signed consent forms are provided by each individual. The consent form for eligible interest holders should be utilized for this purpose.

Guidance