Biodiversity Credits Supply Fund – Targeted reverse auction for in-demand credits in the Cumberland Subregion
Tender ID: 555647
Tender Details
Tender Description
The NSW Department of Climate Change, Energy, the Environment and Water (the department) established the Biodiversity Credits Supply Fund (the Supply Fund) to accelerate the supply of biodiversity credits available to meet demand from major projects and infrastructure development. The Supply Fund is operated by the Credits Supply Taskforce (the Taskforce) as part of the department. Through the Supply Fund, the Taskforce is conducting a reverse auction to purchase credits through a competitive process.
Credits purchased through the Supply Fund will be re-sold to public or private proponents to meet their offset obligations or to other credit buyers seeking to buy credits for philanthropic or strategic purposes. Proceeds from the sale of the credits will be re-invested in the purchase of more credits to provide long-term investment in biodiversity and credit supply.
This reverse auction is seeking biodiversity credits that are issued and available for purchase by June 2024 in the Cumberland IBRA sub-region. We are seeking bids for the following ecosystem credit types:
- Cumberland Plain Woodland in the Sydney Basin Bioregion
- River-Flat Eucalypt Forest on Coastal Floodplains of the New South Wales North Coast, Sydney Basin and South East Corner Bioregions
- Cooks River/Castlereagh Ironbark Forest in the Sydney Basin Bioregion
- Shale Sandstone Transition Forest in the Sydney Basin Bioregion
Accepted Bids will be selected through a competitive process.
Additional Details / Instructions
Bids must be submitted to SFBids@environment.nsw.gov.au.
Bids submitted in any other way may not be accepted.