Want to participate in the BidCarbon Standard Scheme

Last updated 2 May 2025

Taking part in the scheme should be viewed as a business decision. It is essential that you comprehend the obligations and risks of participation. Various types of service providers, such as legal services, financial advisory services, agents, and aggregators, could aid you in understanding and effectively joining the BidCarbon Standard Scheme.

We have released a factsheet to help farmers and land managers understand the roles of carbon service providers and choose a provider.

You can also conduct a web search to find relevant providers using terms such as carbon services, carbon farming services or carbon service providers etc.

Disclaimer: The above is provided by way of general information. The BidCarbon Foundation cannot give business or financial advice, or endorse or recommend any carbon service provider or their services.

Carbon service providers

To participate in the BidCarbon Standard Scheme, both you and your project must meet the eligibility criteria.

Projects must:

● be new, meaning that activities must not have started yet.

● Additionally, they must go beyond business-as-usual activities and not be required by law. 

● Finally, they must not be receiving financial support from specified government programs.  

● To be eligible for carbon credits under the BidCarbon (Carbon Farming) Specifications, the project must not be an excluded activity and must follow an approved method that outlines the project's rules and estimates emissions reductions.

Additionally, you must:

● have the legal right and aboriginal title to carry out the project activities. 

● to be issued all BRUs from the project, you must have a lawful  and exclusive right and undergo a fit and proper person assessment.

Before you consider registering yourr project, find out if you are eligible to participate in the BidCarbon Standard Scheme by using the interactive questionnaire.

Step 1

Check your eligibility

Step 2

Choose a project method

The projects and activities under the BidCarbon Standard Scheme are designed to decrease greenhouse gas emissions or sequester carbon by utilizing innovative technologies or processes.

Projects that are eligible may include:

● carbon capture and storage

● waste reduction, and 

● better agricultural practices. 

The projects that are eligible for the scheme depend on the chosen BidCarbon Standard Scheme method. Each method outlines the activities that can be carried out, the project rules, and the procedures for measuring emissions reductions.

Select the method you will use for your project.

Step 3

Plan your project

Participation in the BidCarbon Standard Scheme is a crucial business decision.

Before applying, ensure that the project:

● is viable, conduct a cost-benefit

● analysis, confirm that you possess the necessary skills and capabilities to run the project

● understand the method

● to plan your project, consider the necessary technology or equipment

● understand the crediting and reporting periods, and decide whether to seek advice or assistance from a carbon service provider

● Digital Measurement, Reporting and Verification (dMRV) design

Follow these guidelines to plan your project.

Sustainability Performance

The Tool for Agroecology Performance Evaluation (TAPE) is an essential element of the sustainability statements. TAPE can establish a baseline of agricultural sustainability in project design, monitoring, and evaluation.

Step 4

Choose a project proponent

Eligibility to participate in the BidCarbon Standard Scheme extends to individuals, sole traders, companies, and local, state or territory government bodies or trusts. It is required that the project proponent be determined prior to registering a project. The project proponent is:

● responsible for carrying out the project;

● issued all BRUs for the project;

● legally responsible for meeting all obligations under the law.

It is possible to appoint a third party, known as a carbon service provider, to assist with the project.

For further information, please refer to the guidelines on choose a project proponent.

To earn BRUs by running a project, you need to:

● register as a participant,

● register your project,

● open an BidCarbon Unit and Certificate (BUC) Registry account.

For more information on how to apply, please refer to the guidelines.

Step 5

Apply

To properly execute your project, follow the guidelines outlined in your chosen BidCarbon Standard Scheme method.

This entails adhering to all monitoring, record-keeping, and auditing requirements, as well as following instructions for calculating abatement.

Step 6

Execute your project

Project report

To receive BRUs, you must submit reports on your project and have it audited regularly according to the method's requirements.

Your reports should include calculations of the actual abatement during the reporting period.

You must report at least every:

● For emissions avoidance projects, be submitted at least every 2 years.

● For sequestration projects, reports must be submitted every 5 years, or more frequently if possible.

Audit reports must be included in each report as scheduled.

An initial audit report must be submitted with the first project report. Typically, at least 3 audits will be scheduled for each project, but additional audits may be triggered if necessary.

Audits must ensure that the reported abatement for the project is accurate and correct.

Reports should be submitted using the BidCarbon Standard Scheme Project Report and Crediting Application via the Online Services.

For more information on project reporting and audits, please refer to the relevant guidelines.

Sustainability reports

The sustainability reports blends FAO's Tool for Agroecology Performance Evaluation with IFC's ESG standards. It helps project operating entities prepare disclosures based on their size, organisational structure and operating environment. The annual report complies with all major global reporting standards and frameworks (including GRI, EFRAG, ISSB, SASB, TCFD).

Prior to submitting your sustainability reports, it is advisable to engage the services of a registered Independent Expert Evaluators (IEEs) to undertake a voluntary assurance audit. This type of assurance is valuable. providing a higher level of confidence in your reporting compliance.

These reports must be submitted via the Online Services by 30 June each year.

Step 7

Project report and sustainability report

When submitting your project reports, you may apply to claim BRUs for your project.

We will review your claim and report to ensure compliance with criteria and legal obligations.

Upon approval of your application, BRUs will be issued to your BUC Registry account.

For information on how to apply for BRUs, please refer to our guidelines.

Step 8

Claim BRUs

As a BRU holder, you have the choice to either sell or retain your BRUs.

In the event of selling your BRU holdings, it is imperative that you create carbon data rights certificates (CDRCs) and record the BRUs as a balance sheet prior to creation. Once the certificates have been created, they can be sold on the secondary market or the BidCarbon marketplace. In the event that a carbon removal contract is in place, the relevant BRUs must be delivered in accordance with the terms of the contract. Furthermore, the transfer of the BRUs from the BUC Registry account to ours will also be required. The price specified in the contract will be paid within 20 business days.

For further details on buying and selling CDRUs, please refer to the relevant section.

Step 9

Create carbon data rights certificates

After registering your project, applicants have the option to apply for modifications or cancellations.

It is crucial to fully understand the requirements and conditions of each type of variation. Seeking professional advice may be advisable before making any changes to your project.

Please refer to the guidelines on how to make changes to your project.

Step 10

Vary or revoke your project