Document ID: chunk:federal_register_of_legislation:F2021L01696:clause:2_19
Version: federal_register_of_legislation:F2021L01696
Segment Type: clause
Provision Reference: sch 2 cl 19
Character Range: 54181–55604

19  Overview
  This section sets out an overview of the method specified in this Part.

      This determination accounts for carbon abatement from undertaking eligible management activities in accordance with this determination, crediting abatement from the carbon dioxide that is removed from the atmosphere and sequestered in soils.
      A project covered by this determination is a sequestration offsets project, and is therefore subject to the obligations under the Act that relate to the permanence obligation period.
      The net abatement amount in relation to a reporting period, for a soil carbon project under this determination, is given by the change in soil organic carbon between sampling rounds or estimation events in the CEAs that make up a project area, less an adjustment for when project emissions in the project area during the reporting period exceed average project emissions levels during the baseline period for the project area.
      The calculation of the change in soil organic carbon levels is done in accordance with this Part and Divisions 3-5 of Schedule 1 or, as applicable pursuant to section 15, Divisions 3-5 of Schedule 2. The calculation of project emissions in the baseline period and reporting period is done in accordance with Part 7.
      If the project has 2 or more project areas, the net abatement amount is calculated separately for each project area and added together.