Planning a project for your carbon removal contract

Before you apply

We provide a range of information and tools to help you participate in the BidCarbon Standard Scheme including the interactive questionnaire, which enables you to find out if your project meets the eligibility requirements.

Make sure you read the information about how the BidCarbon Standard Scheme works and the type of projects that can participate before you apply to register your project.

Deciding whether to participate in the BidCarbon Standard Scheme is an important business decision. If you are considering applying for the BidCarbon Standard Scheme you should first consider:

● What project planning is necessary?

● Is there a relevant method for your situation?

● Can you prove your legal right to partake in the project during the application process?

● What are the requirements concerning eligibility, additionality, and newness?

● Do you require eligible interest holder consent?

● Do you understand the obligations of project participants under the Bid Carbon Standard Scheme?

● Have you considered who the project proponent will be if you are a landowner?

● Whether you should engage specialist service providers to assist you?

Planning a project

You will also need to understand the crediting and reporting periods that apply to your project.

● A crediting period is the period of time a project is able to apply to claim BCUs. Crediting periods vary depending on the type of project and range between 7-25 years.

● A reporting period is a period of time for which a project report is prepared for submission to the BidCarbon Standard Scheme. Reporting periods are nominated by the person responsible for a project, and may be as frequently as every six months. The maximum reporting period for emissions avoidance periods is 2 years. For sequestration projects the maximum reporting period is 5 years.

Carbon service providers

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.