Document ID: chunk:federal_register_of_legislation:F2022L00047:clause:6_28:p2
Version: federal_register_of_legislation:F2022L00047
Segment Type: clause
Provision Reference: sch 6 cl 28 (pt 2/2)
Character Range: 52115–53313

for the project for the current reporting period that would be produced if the action, or set of actions, were not taken, as calculated under Part 4 (the default abatement).
 (8) The project proponent may take the action, or set of actions, only if:
 (a) the proposed abatement is greater than, or equal to, zero; or
 (b) the proposed abatement is greater than, or equal to, the default abatement; or
 (c) the long‑term average net carbon stock as calculated when calculating the proposed abatement is greater than, or equal to, the long‑term average net carbon stock as calculated when calculating the default abatement.
Note: In assessing the proposed abatement, the calculation under Part 4 would model the project and long-term project scenarios on the basis of a current regime and a default regime that both included the proposed CEAs and the proposed action or set of actions.
 (9) For paragraph (8)(c), the long‑term average net carbon stock is the amount given by equation 13 in section 46.
Note: The project proponent will have calculated the relevant long‑term average net carbon stocks when calculating the proposed abatement and the default abatement.
Subdivision 3.5.2—Conversion CEAs