Document ID: chunk:federal_register_of_legislation:F2021L01379:reg:16
Version: federal_register_of_legislation:F2021L01379
Segment Type: reg
Provision Reference: reg 16
Character Range: 27108–28776

16  Net abatement amount for a reporting period in the crediting period
  The carbon dioxide equivalent net abatement amount for a reporting period in the crediting period, in tonnes CO2-e, is worked out using the formula (equation 1):
  A  =  (CGG  –  QCM  –  CCSE)  ×  0.97
  where:
  A means the carbon dioxide equivalent net abatement amount for the reporting period, in tonnes CO2-e.
  CGG means the amount of greenhouse gases captured for permanent storage by the project during the reporting period, in tonnes CO2-e, worked out using equation 2.
  QCM means the amount of methane captured for permanent storage by the project during the reporting period, in tonnes CO2-e, worked out using equation 4.
Note: In some circumstances, the value of QCM will be zero—see subsection 19(1).

   CCSE means the sum of the following:
 (a) emissions from the capture of greenhouse gases for the reporting period, in tonnes CO2-e, worked out using equation 5;
 (b) emissions from the processing, compression and transportation of greenhouse gases for the reporting period, in tonnes CO2-e, worked out using equation 8;
 (c) fugitive emissions from transportation and injection for the reporting period, in tonnes CO2-e, worked out using equation 12;
 (d) emissions from total fuel use for conducting monitoring and verification activities for the reporting period, in tonnes CO2-e, worked out using equation 13;
 (e) fugitive emissions from the storage site for the reporting period, in tonnes CO2-e, worked out using equation 15;
 (f) amount of captured greenhouse gases transferred to an off-taker for the reporting period, in tonnes CO2-e, worked out using equation 16.