Document ID: chunk:federal_register_of_legislation:F2018C00127:reg:54
Version: federal_register_of_legislation:F2018C00127
Segment Type: reg
Provision Reference: reg 54
Character Range: 43582–45079

54  Calculating the carbon dioxide equivalent net abatement amount for a project
Note See paragraph 106(1)(c) of the Act.
 (1) If:
 (a) the reporting period is the first reporting period; or
 (b) the net abatement amount for the previous reporting period was zero or greater than zero;
  the carbon dioxide equivalent net abatement amount for the project in relation to a reporting period must be calculated using the following formula:
  Equation 9

Where:
=  project net abatement (in tonnes CO2‑e) for the reporting period.

=  carbon stock change onsite (in tonnes C) in the project area at the end of the reporting period—from Equation 5.

=  total emissions from biomass burning (in tonnes CO2‑e) in the project area during the current reporting period—from Equation 8.

 (2) If the net abatement amount for the previous reporting period was less than zero, the net abatement amount must be calculated using the following formula:
  Equation 10

Where:
=   project net abatement (in tonnes CO2‑e) for the reporting period.

=   carbon stock change onsite (in tonnes C) in the project area at the end of the reporting period—from Equation 5.

=   total emissions from biomass burning (in tonnes CO2‑e) in the project area during the current reporting period—from Equation 8.

 =  project net abatement (in tonnes CO2‑e) for the previous reporting period—from previous offsets report.

Part 5—Reporting, record-keeping and monitoring requirements

Division 1—Offsets report requirements