Document ID: chunk:federal_register_of_legislation:F2018C00126:reg:84
Version: federal_register_of_legislation:F2018C00126
Segment Type: reg
Provision Reference: reg 84
Character Range: 110204–111730

84  Calculation of net abatement amount—net abatement for project
 (1) The net abatement for the project must be calculated using the following formula:
  Equation NA3

              Where:
  =  project net abatement for the reporting period; t CO2-e.
  =  total sequestration for the project for reporting period Rc; t CO2‑e.
  =  total change in emissions from all sources for the reporting period for the project; t CO2-e.
  =  project net abatement for the reporting period before the current reporting period; t CO2-e.
 (2) For the first reporting period, the value for  must be zero.
 (3) For subsequent reporting periods, the value for  must be equal to or less than zero to be included in Equation NA3.
 (4) If  is a negative value for the reporting period, then  must be taken to be zero for the purpose of Equation NA3.
 (5) If  is a non-negative value for the reporting period Rc, then:
 (a) for the purposes of paragraph 106(1)(c) of the Act, the carbon dioxide equivalent net abatement amount for the reporting period is taken to be ; and
 (b) for the subsequent reporting period,  is taken to be zero.
 (6) If  is a negative value for the reporting period Rc, then:
 (a) for the purposes of paragraph 106(1)(c) of the Act, the carbon dioide equivalent net abatement amount for the reporting period is taken to be zero; and
 (b)  must be used in calculations of net abatement amount in the subsequent reporting period as the value for .

Division 7—Changing project management activities or management actions