This section outlines the workings of the BidCarbon market in detail. The processes covered include establishing unit limits in the BidCarbon Standard Scheme, annual revisions to the limits of carbon data rights certificates (CDRCs) and price control settings, purchasing CDRCs, and participation in auctions for CDRCs hosted by the government or businesses.
BidCarbon Auctions and how to buy carbon data rights certificates (CDRCs)
Carbon data rights certificates (CDRCs) can be traded among businesses participating in the BidCarbon Standard Scheme. Supply and demand for CDRCs is the primary driver of the CDRCs price.