Biodiversity Credits Supply Fund – 3rd Reverse auction for in-demand credits
Tender ID: 530169
Tender Details
Tender Description
The NSW Department of Planning and Environment (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 credits for which there is anticipated demand in the next six (6) months and provides an opportunity for owners of these credits and prospective owners of these credits to submit a bid to sell them to the Taskforce. Successful Bids will be selected through a competitive process.
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