Reverse auction status
The latest reverse auction closed on the 23 October 2024.
Reserve auction results and information about future auctions are published on this webpage.
About the Supply Fund
The Supply Fund buys credits based on demand from development and infrastructure projects. Credits are then sold to public or private sector proponents who need credits to offset the biodiversity impacts of their projects, or other buyers who may seek credits for philanthropic or strategic purposes.
The Supply Fund is operated by the Department of Climate Change, Energy, the Environment and Water with the aim of making credits easier to sell and buy, improving the functioning of the biodiversity market. The department will apply fair, transparent and ethical processes and decision-making when buying and selling credits through the Supply Fund.
Biodiversity credits are generated through biodiversity stewardship agreements. The sale of credits provides funding for landholders to improve the management of pests, weeds and fire and restore habitat.
Operating Protocol
The Operating Protocol document sets out how the Supply Fund operates. It covers governance, ways to identify demand and supply, methods for buying and selling credits, and monitoring and reporting.
Download: Biodiversity Credits Supply Fund - Operating Protocol
Supply Fund market update
The Supply Fund market update covers key outcomes from the Supply Fund's reverse auctions, how auctions are run, the Supply Fund's role in the market, and information on credits approved for purchase by the Supply Fund. This is part of regular reporting to support development of the biodiversity credits market and promote understanding of the Supply Fund.
October 2024 reverse auction results
The October 2024 auction closed on 23 October 2024 and received 69 bids covering more than 26,500 credits.
Bids were evaluated in accordance with the published auction documentation, and more than 5,000 credits have been approved for purchase, totalling around $23 million, covering:
- Alpine Herbfields
- Bangalay Sand Forests
- Clarence Dry Sclerophyll Forests
- Coastal Upland Swamps
- Coastal Valley Grassy Woodlands
- Eastern Riverine Forests
- Floodplain Transition Woodlands
- Freshwater Wetlands on Coastal Floodplains
- Hunter-Macleay Dry Sclerophyll Forests
- Illawarra Lowlands Grassy Woodland
- Inland Grey Box Woodland
- North Coast Wet Sclerophyll Forests
- Northern Hinterland Wet Sclerophyll Forests
- River-Flat Eucalypt Forests
- South East Dry Sclerophyll Forests
- Southern Lowland Wet Sclerophyll Forests
- Subalpine Woodlands
- Swamp Oak Floodplain Forests
- Swamp Sclerophyll Forests
- Sydney Coastal Heaths
- Sydney Hinterland Dry Sclerophyll Forests
- Western Slopes Dry Sclerophyll Forests
- threatened plants: austral toadflax, brown pomaderris, mauve burr-daisy, slaty red gum and slender darling pea.
- threatened animals: alpine she-oak skink, bush stone-curlew, eastern cave bat, eastern pygmy-possum, gang-gang cockatoo, green and golden bell frog, green-thighed frog, large-eared pied bat, long-nosed potoroo, masked owl, powerful owl, regent honeyeater, sooty owl, southern greater glider, southern myotis and wallum froglet.
The department provides feedback on credits not being purchased and offers opportunities to promote credits for sale through the Biodiversity Credits Catalogue.