Document ID: chunk:federal_register_of_legislation:F2022L00047:clause:6_48
Version: federal_register_of_legislation:F2022L00047
Segment Type: clause
Provision Reference: sch 6 cl 48
Character Range: 94312–96380

48  Net carbon stock at the end of reporting period for the project area
  The net carbon stock in the project area at the end of the reporting period (CP) (in tonnes CO2‑e) is calculated using the following equation:
  Equation 20

  where:

       RC  is the total number of Australian carbon credit units:
 (a) issued, before the end of the reporting period, in relation to each CEA that was removed from the project area before that time; and
 (b) relinquished in relation to each CEA in the project area under sections 88, 90 or 91 of the Act before the end of the reporting period.
 is the aggregate of the permanence period discount number and the risk of reversal buffer number under section 16 of the Act associated with the Australian carbon credit units comprised in the definition of RC in this section.
Note 1: The value for  must be worked out separately for each issue or relinquishment of Australian carbon credit units comprised in the definition of RC in this section, and all such values must be aggregated to work out the value for  applied to equation 20.
Note 2: The aggregate of the permanence period discount number and the risk of reversal buffer number under section 16 of the Act for the purposes of working out the value for D under this section associated with the Australian carbon credit units comprised in the definition of RC in this section would be:
               -          if the project was a 100-year permanence period project at the time of the issue of the units—0.95;
               -          if the project was a 25-year permanence period project at the time of the issue of the units—0.75 or 0.7 as specified in the Rule.
I is the number of CEAs in the project area.
 is the carbon dioxide equivalent carbon stock in the ith CEA at the end of the reporting period (in tonnes CO2‑e)—from equation 14, equation 15 or equation 16, as appropriate.
 is the emissions from biomass burning in the ith CEA (in tonnes CO2‑e)—from equation 17.
EP,Fuel,i is the emissions from fuel in the ith CEA (in tonnes CO2‑e)—from equation 18.