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 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. Accepted Bids will be selected through a competitive process.

Additional Details / Instructions

Bids must be submitted to SFBids@environment.nsw.gov.au by 5pm AEDT Wednesday 6 March 2024. Bids submitted in any other way may not be accepted.

A webinar on participating in the reverse auction will be held on Monday 26 February 2024, from 2:00pm to 3:00pm AEDT. A recording will be made available shortly after the webinar for those unable to attend.

Follow this link to register for the webinar:

https://events.teams.microsoft.com/event/75c471a7-45ff-490a-806c-5f06cba5f4da@96ef8821-2a39-471c-b89a-67b0833dd3b9

Address for Lodgement

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

Covered Procurement Details

• The Procurement (Enforceable Procurement Provisions) Direction 2019 applies to this procurement
• A government agency may conduct negotiations with suppliers regarding the procurement

Conditions for Participation

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.