Document ID: chunk:federal_register_of_legislation:F2022L00047:clause:6_50
Version: federal_register_of_legislation:F2022L00047
Segment Type: clause
Provision Reference: sch 6 cl 50
Character Range: 96839–98195

50  Net carbon stock change for a project area in first reporting period under this determination
 (1) For a project that is not a pre-existing project, the net carbon stock change in a project area for the first reporting period () (in tonnes CO2‑e) is calculated using the following equation:
  Equation 21

  where:
 is the deemed net carbon stock for the project area at the end of the reporting period (in tonnes CO2‑e)—from section 49.
 is the baseline net carbon stock (in tonnes CO2‑e) for the project area—from equation 7.
Note: can be zero or less than zero because represents a net carbon stock change in a project area relative to the baseline ().
 (2) For a pre-existing project, the net carbon stock change in a project area for the first reporting period under this determination () (in tonnes CO2‑e) is calculated using the following equation:
  Equation 22

  where:
 is the deemed net carbon stock for the project area at the end of the reporting period (in tonnes CO2‑e)—from section 49.
 is the sum of the carbon stocks for each CEA (however described) in the project area as reported in the most recent offsets report under the former determination.
Note: can be zero or less than zero because represents a net carbon stock change relative to the carbon stock at the end of the last reporting period under the former determination ().