Document ID: chunk:federal_register_of_legislation:F2024C00846:reg:29
Version: federal_register_of_legislation:F2024C00846
Segment Type: reg
Provision Reference: reg 29
Character Range: 78869–80277

29  Baseline emissions number for new facility
 (1) The baseline emissions number for a new facility (other than a landfill facility) for a financial year is the number worked out using the following formula:
where:
ERC is the emissions reduction contribution for the facility for the financial year.
p is a production variable for the facility for the financial year.
EIB, in relation to a production variable for the facility for the financial year, is:
 (a) if there is a best practice emissions intensity number for the production variable for the financial year—that number; or
 (b) otherwise—the default emissions intensity number for the production variable for the financial year.
Q, in relation to a production variable for the facility for the financial year, is the quantity of the production variable for the facility for the financial year.
BA is the borrowing adjustment for the facility for the financial year.
Note: The baseline emissions number for a new facility for a financial year would be the same if it were worked out using the formula in section 11.
 (2) A facility is a new facility if there are no historical production variables or transitional production variables for the facility.
 (3) The number worked out using the formula in subsection (1) is to be rounded to the nearest whole number (rounding up if the first decimal place is 5 or more).

Division 4—Landfill facilities