Document ID: chunk:federal_register_of_legislation:F2018C00117:reg:18
Version: federal_register_of_legislation:F2018C00117
Segment Type: reg
Provision Reference: reg 18
Character Range: 22818–23505

18  The variance discount
  The variance discount is 6.5% of the product of the amounts referred to in paragraph 17(1)(a) and paragraph 17(1)(b).
Note: A variance discount of 6.5% is applied to the baseline to ensure that the carbon dioxide equivalent net abatement amount excludes emissions reductions that may have occurred due to natural variation (see also subsection 15(3)). Accordingly, for a year in the reporting period, baseline emissions are 0.935 multiplied by the product of the baseline emissions intensity and the lint yield in that year.

Division 3—The project emissions
Note: Calculations described in this Division are performed using the Irrigated Cotton Calculator.