Biodiversity Credits Supply Fund (the Supply Fund) to accelerate the supply of biodiversity credits available to meet demand from major projects and infrastructure development.

Project goals

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 Nature Markets and Offsets Division (formerly the Credits Supply Taskforce) as part of the department. Through the Supply Fund, Nature Markets and Offsets 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.

Scope

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 

Additional details/instructions

Bids must be submitted to SFBids@environment.nsw.gov.au by 5pm AEST Monday 7 April 2025. Bids submitted in any other way may not be accepted.

Requirements

Mandatory requirements

There are no mandatory requirements for this opportunity.

Opportunity requirements

1. Conditions of 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.

Response type

Checkbox (Custom, Multi select)

- I understand that bids must be submitted to SFBids@environment.nsw.gov.au

Evaluation

Weighting

The evaluation weighting is an estimate and is subject to change.

Price 100%

Non price 0%