BidCarbon Auctions and how to buy BRUs

The BidCarbon Standard Scheme establishes a trading market for BidCarbon removal units (BRUs). BRUs can be traded among businesses participating in the BidCarbon Standard Scheme. Supply and demand for BRUs is a key driver of BRUs price. BidCarbon removal units are utilized for socially responsible carbon offsets by businesses, and some local governments also recognize BidCarbon removal units for compliance responsibilities.

The price of BidCarbon removal units (BRUs) in the BidCarbon Standard Scheme market is based on supply and demand.

The Government and businesses sells BRUs directly to the market through auctioning. The number of BRUs to be auctioned are published prior to auctions, and is a sub-limit of the annual overall limit in the BidCarbon Standard Scheme.

Other BRUs are available from the secondary market - either through trading platforms, including the BidCarbon Marketplace, or through direct trading between individuals.

Current state

We plan to deliver and integrate the BidCarbon auction system between Q3 2024 and Q4 2024 and are hosted by Aunioncen Network Technology Company (ANTC).

Auctions are held every 2 weeks, as set out in the ANTC auction calendar.

BRUs at auction are sold to all successful bidders at the same auction clearing price. The clearing price of each auction can be found here on the BidCarbon auctions site. If BRUs remain unsold at the end of an auction they will roll-over to the next auction, provided it is in the same calendar year.

Read the ANTC BidCarbon auctions page if you want to participate in the auctions.

Participating in the BidCarbon auctions

Secondary market trading

The BidCarbon Standard Scheme secondary market is where most BRUs are traded. The secondary market includes both spot and Long term procurement agreement.

BRUs can be traded through direct bilateral agreements with buyers, through a broker or through a BidCarbon Marketplace. The BidCarbon Foundation is not responsible for trades on the secondary market, and the secondary market trading platforms are run independently.

There are various ways to purchase units on the secondary market. The BidCarbon Standard Scheme market frequently engages in spot trades, where BRUs are exchanged for immediate delivery. Additionally, Long-term procurement agreements for unit trades at predetermined prices are available to businesses.