Document ID: chunk:federal_register_of_legislation:F2022L00047:clause:6_46
Version: federal_register_of_legislation:F2022L00047
Segment Type: clause
Provision Reference: sch 6 cl 46
Character Range: 85368–87933

46  Predicted long-term average net carbon stock or long-term project scenario net carbon stock for project area
  The predicted long-term average net carbon stock or predicted long-term project scenario net carbon stock for a project area () (in tonnes CO2‑e) is calculated using the following equation:
  Equation 13

  where:

       RC  is the total number of Australian carbon credit units:
 (a) issued, before the end of the reporting period, in relation to each CEA that was removed from the project area before that time; and
 (b) relinquished in relation to each CEA in the project area under sections 88, 90 or 91 of the Act before the end of the reporting period.
 is the aggregate of the permanence period discount number and the risk of reversal buffer number under section 16 of the Act associated with the Australian carbon credit units comprised in the definition of RC in this section.
Note 1: The value for  must be worked out separately for each issue or relinquishment of Australian carbon credit units comprised in the definition of RC in this section, and all such values must be aggregated to work out the value for  applied to equation 20.
Note 2: The aggregate of the permanence period discount number and the risk of reversal buffer number under section 16 of the Act for the purposes of working out the value for D under this section associated with the Australian carbon credit units comprised in the definition of RC in this section would be:
               -          if the project was a 100-year permanence period project at the time of the issue of the units—0.95;
               -          if the project was a 25-year permanence period project at the time of the issue of the units—0.75 or 0.7 as specified in the Rule.
I is the number of CEAs in the project area.
 is:
 (a) if the ith CEA is a new plantation CEA, a conversion CEA or a continuing plantation CEA—the predicted long-term average project carbon stock (in tonnes CO2‑e) for the ith CEA—from equation 8; and
 (b) if the ith CEA is an ex-plantation CEA—the predicted long-term project scenario carbon stock (in tonnes CO2‑e) for the ith CEA—from equation 9.
 is the emissions from biomass burning for the modelling period for the ith CEA (in tonnes CO2‑e)—from equation 10.
 is the predicted fuel emissions for the modelling period for the ith CEA (in tonnes CO2‑e)—from equation 11.
Note: Where the project consists only of conversion CEAs, emissions from fossil fuel (EP,Fuel,i) will be equal to zero.
Subdivision 4.3.4—Net carbon stock change in a reporting period