Document ID: chunk:federal_register_of_legislation:F2016C00262:clause:1_25
Version: federal_register_of_legislation:F2016C00262
Segment Type: clause
Provision Reference: sch 1 cl 25
Character Range: 59490–61065

25  Calculation of project abatement
 (1) The project abatement for an NGER reporting year, in tonnes CO2‑e, is worked out using the formula (equation 1):
where:
AP means the project abatement for the NGER reporting year, in tonnes CO2‑e.
AT,f means the total facility abatement for facility f for the NGER reporting year, in tonnes CO2‑e, worked out in accordance with section 26.
 (2) However, if the crediting period for the project ends part way through an NGER reporting year (the final NGER reporting year), the project abatement for the final NGER reporting year, in tonnes CO2‑e, is worked out using the formula (equation 2):
where:
AP means the project abatement for the final NGER reporting year, in tonnes CO2‑e.
DCP means the number of days in the final NGER reporting year that fall within the crediting period.
DNGER means the number of days in the final NGER reporting year.
AT,f means the total facility abatement for facility f for the NGER reporting year, in tonnes CO2‑e, worked out in accordance with section 26.
 (3) If the amount worked out under subsection (1) or (2) for an NGER reporting year is less than zero, the project abatement for the NGER reporting year is taken to be zero.
 (4) This section has effect subject to subsection 81(2).
Note: Under subsection 81(2), the project abatement for an NGER reporting year in a reporting period is taken to be zero if the project proponent fails to monitor a production variable, an input, an output or electricity as required by section 79 or 80 for more than 20% of the days in the reporting period.