Document ID: chunk:federal_register_of_legislation:F2018C00126:reg:47
Version: federal_register_of_legislation:F2018C00126
Segment Type: reg
Provision Reference: reg 47
Character Range: 59775–62428

47  Calculating the net abatement amount—overview of process
 (1) The carbon dioxide equivalent net abatement amount for a soil carbon project must be determined in accordance with the process that is specified in this Part, and which is summarised in this section.

Calculation of project sequestration
 (2) The annual sequestration value for the project management activity carried out in a carbon estimation area must be identified.
Note: This value is derived from the Sequestration Value Maps.
 (3) To work out the sequestration value for each carbon estimation area, the annual sequestration value for each project management activity that was undertaken must be multiplied by the length of the reporting period and by the area of the carbon estimation area.
 (4) All sequestration values for the reporting period from each carbon estimation area being reported on must be summed to derive project sequestration.

Calculation of change in emissions
 (5) The relevant emissions sources, and the relevant baseline methods which must be taken into account for each carbon estimation area, must be identified.
 (6) The baseline emissions from each relevant source for each carbon estimation area must be calculated.
 (7) Reporting period emissions from each relevant source for each carbon estimation area being reported on must be calculated.
 (8) Changes in emissions from each relevant source for each carbon estimation area being reported on must be calculated by determining the difference between baseline and project emissions.
 (9) The change in emissions from all emissions sources within each carbon estimation area being reported on must be summed to derive net change in project emissions for the carbon estimation area.
 (10) The net change in project emissions for each carbon estimation area being reported on must be summed to derive net change in project emissions for the relevant project for the reporting period.

Calculation of carbon dioxide equivalent net abatement amount
 (11) Net change in project emissions for the parts of the project that are being reported on must be subtracted from total sequestration for those parts of the project to derive the carbon dioxide equivalent net abatement amount for the parts of the project that are being reported on for the reporting period.
 (12) The carbon dioxide equivalent net abatement amount may be adjusted if necessary by any negative carbon dioxide equivalent net abatement that has been carried over from previous reporting periods.
Note: This process may be affected by a depletion event under Division 8 of this Part.

Subdivision 2—Calculating soil carbon sequestration