The Biodiversity Credit Exchange gives eligible landholders access to funding to protect, manage and restore areas of native vegetation on their land in order to generate biodiversity credits.
These credits are sold at cost to buyers that are required to offset vegetation clearances in the same region.
The program is currently seeking expressions of interest from landholders in the SA Arid Lands and Northern and Yorke regions (view map) where the demand for biodiversity credits is highest.
How the exchange works:
If you’re a landholder or lessee in the SA Arid Lands or Northern and Yorke regions with native vegetation to protect on your land, simply:
Step 1 – submit an Expression of Interest
Complete and submit the online Expression of Interest form. If you meet the eligibility criteria an appointment will be made with you for a site visit at your property with a field officer.
Step 2 – site assessment
The field officer will visit your property at an agreed time to assess your potential credit site. The officer will determine the amount of credit that can be generated by your site and will discuss management options with you.
Step 3 – submit a bid
If your site is assessed as being suitable for the program, you will be invited to submit a bid. The bid will outline the price you are seeking to establish and maintain the credit site. It should cover costs associated with managing the site, any loss of production or land value, and any desired income. Bids will be assessed by the Native Vegetation Council based on:
- the dimensions of the site and its connectivity in the landscape
- the potential for the site to achieve a significant improvement in biodiversity
- value for money.
Step 4 – enter management agreement
If your bid is successful you will be invited to enter into a management agreement. The agreement will include a ten year management plan prepared by the Native Vegetation Branch. The plan will outline the management actions you will need to implement to ensure that your site achieves the anticipated improvement in biodiversity. Once the agreement is in place you will receive the amount you specified in your bid submission. This will include an initial upfront payment, followed by payments at certain time intervals following the satisfactory completion of agreed actions and/or delivery of outcomes. The installment amount and schedule will be negotiated with you. The credits that your site will generate will transfer to the Biodiversity Credit Exchange registry at this point. Your credits will eventually be sold at cost to eligible clearance applicants that need to offset their activities.
For more information view our Frequently Asked Questions, or contact us on (08) 8463 4821 or email@example.com.
The Biodiversity Credit Exchange is currently in the first stages of securing landholders to generate biodiversity credits (also referred to as ‘SEB credits’).
The immediate focus is to establish credit in the SA Arid Lands and Northern and Yorke regions where demand for biodiversity credits is highest (view map).
Once credit is available, you will be able to search an online register for credit that matches your offsetting requirements.
If a match is available, you can then submit an application to have the credit transferred to you as part of your clearance application.
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For more information view our Frequently Asked Questions, or contact us.