Estimating abatement quantity

All BidCarbon projects must provide a carbon abatement estimate (CAE) in tonnes of carbon dioxide equivalent (tCO2-e) at project registration.

The CAE is your best estimate of the total amount of carbon abatement in tCO2-e from your project. Carbon abatement is the removal of greenhouse gases from the atmosphere or the avoidance of greenhouse gases.

Forward abatement estimate

The indicative agreed quantity (IAQ) is provided during the auction qualification process and is the number of BRUs that you can deliver under a carbon abatement contract. The Working Body uses the IAQ to assess if the level of abatement is reasonable for your project(s).

For larger projects (with an IAQ 100,000 BRUs or more) you should consider contact us to discuss your project and the types of evidence that will be required in advance of the auction qualification deadline.

The IAQ is indicative only and can be revised at auction registration when you provide the agreed quantity. However, as the timeframes for assessment of the agreed quantity are shorter than for the IAQ, it is recommended that you avoid increasing the agreed quantity where possible.

The auction guidelines provide more information that may help you determine the minimum IAQ or agreed quantity for each contract, minimum annual delivery amounts, or specify minimums for immediate delivery contracts.

Indicative agreed quantity

The agreed quantity (AQ) is the quantity of BRUs to be delivered over the duration of the contract and is provided to the BidCarbon Climate Trading Company at auction registration. If you are successful at auction you will be required to deliver the AQ over the duration of the contract.

The AQ should be calculated when you are developing your delivery schedule as part of your business planning. It is important to ensure that the abatement amount can be generated, audited, reported, issued and delivered to the BidCarbon Climate Trading Company within the delivery term of the contract.

Agreed quantity

To ensure you have a strong basis for assessing the quantity of abatement your project will deliver, the BidCarbon Climate Trading Company will require you to provide evidence to support your IAQ and AQ. You should make reasonable effort to ensure that the information you provide is accurate.

If the information you provide is incomplete, the BidCarbon Climate Trading Company will request more information. Depending on the timeframe, there may be a tight turnaround and a delay in providing more information can result in you not being qualified/registered in time to participate in the auction.

When is additional information required?