Document ID: chunk:federal_register_of_legislation:F2017C00466:clause:2_19
Version: federal_register_of_legislation:F2017C00466
Segment Type: clause
Provision Reference: sch 2 cl 19
Character Range: 41272–43266

19  Method for calculating the net abatement amount
 (1) For paragraph 106(1)(c) of the Act, this Part specifies the method for working out the carbon dioxide equivalent net abatement amount for a reporting period for a herd management project that is an eligible offsets project.
Note: Unless the project proponent divides the project into parts under section 77A of the Act (see also section 31 of this determination), an offsets report must relate to a reporting period that applies to the whole project.  The proponent may choose a period between 6 months and 2 years.  The reporting period need not align with the assessment years of any herd of the project.  The offsets report will cover the abatement calculated for each assessment year of any of the herds that ends during the reporting period.
 (2) For such a project, the carbon dioxide equivalent net abatement amount, , in t CO2‑e, is given by the following formula:
  Equation 1

  where:
 =  the abatement amount for herd  and for an assessment year y of the herd that ends in the reporting period, in t CO2‑e, given by subsection (3).
 (3) For Equation 1, the abatement amount for herd  and for an assessment year y of the herd that ends in the reporting period, in t CO2‑e, , is:
 (a) given by the formula below, if it gives a positive amount; and
 (b) zero otherwise.
  Equation 2

  where:
  =  the baseline emissions for herd H and for an assessment year y of the herd that ends in the reporting period, in t CO2‑e, given by Division 2.
  =  the project emissions for herd H and for an assessment year y of the herd that ends in the reporting period, in t CO2‑e, given by Division 3.
Note:          Herd annual abatement amounts that are less than zero are not deducted from the carbon dioxide equivalent net abatement amount. This is possible from a greenhouse gas accounting perspective because of the variance discount applied to baseline emissions, which reduces positive herd annual abatement amounts (see section 21).