Department of Climate Change, Energy, the Environment and Water / Biodiversity Credits Supply Fund – Targeted reverse auction for in-demand credits in the Cumberland Subregion - SR4549103242

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.

Bids must be submitted to SFBids@environment.nsw.gov.au by 5pm AEST Monday 13 May 2024.

Bids submitted in any other way may not be accepted.

Bids must be submitted by email to SFBids@environment.nsw.gov.au by the Closing Date and time

• The Procurement (Enforceable Procurement Provisions) Direction 2019 applies to this procurement

• A government agency may conduct negotiations with suppliers regarding the procurement

To view the conditions of participation, please email supplyfund@environment.nsw.gov.au and request a copy of the Participant’s Guide and Bid Form