A NSW Government website

About the Biodiversity Credits Supply Fund

Biodiversity credits are easier to secure and more efficiently priced as a result of a $106.7 million investment in the NSW Budget to establish a strategic fund.

 

The Biodiversity Credits Supply Fund (the Supply Fund) is:

  • buying credits upfront at competitive market prices based on forecast demand from major projects and infrastructure development
  • selling credits at the purchase price plus a small mark-up (cost recovery) to public or private proponents who need to offset biodiversity impacts
  • re-investing proceeds to buy more credits (as a revolving fund), enabling the initial investment to be used to buy and sell $200 million credits over 3 years.

The Supply Fund also helps improve conservation outcomes with the government able to direct efforts to more strategic sites.

The Supply Fund operates within the Department of Climate Change, Energy, the Environment and Water using existing provisions in the Biodiversity Conservation Act 2016.

Why is the Fund needed?

New South Wales has a $110 billion infrastructure pipeline and renewed investment in housing and manufacturing.

As a result, demand for certain credit types is increasing faster than supply, which can cause delays and increased project costs.

The NSW Government established the Supply Fund to increase the supply of these credits and enhance confidence in the biodiversity credit market.

The Supply Fund is delivering a significant increase in the supply of credits required for critical projects such as renewable energy zones, regional infrastructure initiatives and the expansion of housing and manufacturing.

This will reduce unnecessary project delays and costs without compromising environmental outcomes, resulting in greater economic benefits.

Credit Demand Expression of Interest

Private and public proponents can submit an Expression of Interest to the Taskforce to seek support in sourcing biodiversity credits that may be needed to offset their development. If you are interested in getting help to do this, please fill out the short Expression of Interest form.

Expression of Interest form

Stewardship Support Program

Are you interested in managing your land in ways that benefit native plants and animals? Entering into a biodiversity stewardship agreement generates biodiversity credits you can sell through the NSW biodiversity market and fund the management of weeds, pests and fire and ecological restoration.

Do you have land that might be suitable? We are making it easier and faster for landowners to set up a biodiversity stewardship agreement. If you are interested in getting help to do this, please fill out the application form.

Stewardship Support Program application form

Probity and transparency arrangements

This publication provides an overview of the measures put in place to manage probity risks and issues relating to the operation of the Credits Supply Fund and support transparent and accountable decision making.

Probity and transparency arrangements

Contact us

Biodiveristy stewardship agreement enquiries

Email: [email protected]

Supply Fund and credits purchasing enquiries

Email: [email protected]