Document ID: chunk:federal_register_of_legislation:F2015L00682:reg:87
Version: federal_register_of_legislation:F2015L00682
Segment Type: reg
Provision Reference: reg 87
Character Range: 112349–114092

87  Calculating the carbon dioxide equivalent net abatement amount
 (1) The carbon dioxide equivalent net abatement amount for a project must:
 (a) be calculated accordance with this section; and
 (b) incorporate an assessment of uncertainty, calculated in accordance with Equation 1c.
 (2) 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 a project is to be calculated for a reporting period using the following formula:
  Equation 1a

  where:
              =   net abatement amount for a project for the reporting period, in tonnes of CO2‑e (t CO2‑e).

              =   carbon stock change for a project for the reporting period in tonnes of CO2‑e (t CO2‑e), calculated in accordance with Equation 2a.

             =    project emissions for the reporting period in tonnes of CO2‑e (t CO2‑e), calculated in accordance with Equation 23a.

 (3) 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 1b

  where:
              =   net abatement amount for a project for the reporting period, in tonnes of CO2‑e (t CO2‑e).

              =   carbon stock change for a project for the reporting period in tonnes of CO2‑e (t CO2‑e), calculated in accordance with Equation 2a.

             =    project emissions for the reporting period in tonnes of CO2‑e (t CO2‑e), calculated in accordance with Equation 23a.

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