Document ID: chunk:federal_register_of_legislation:F2018C00126:reg:49
Version: federal_register_of_legislation:F2018C00126
Segment Type: reg
Provision Reference: reg 49
Character Range: 64329–66836

49  Sequestration amount in each carbon estimation area
 (1) The amount of sequestration that has occurred in each carbon estimation area must be determined using the Sequestration Value Maps.
 (2) For each carbon estimation area, the sequestration value for the project management activity must be calculated:
 (a) if the project management activity involves new irrigation from a water access entitlement or an irrigation right, as outlined in subparagraph 34(1)(b)(ii)—using Equation SC1A; or
 (b) if the project management activity does not involve new irrigation from a water access entitlement or an irrigation right, as outlined in subparagraph 34(1)(b)(ii)—using Equation SC1B.
 (3) The sequestration value for a project management activity that involves new irrigation from a water access entitlement or an irrigation right must be calculated using the following formula:
 = Sequestration value × 0.75  Equation SC1A

      Where:

 =  Sequestration value for project management activity x; t CO2-e / ha / y.
 =  value derived from the relevant Sequestration Value Map; t CO2-e / ha / y.
 =  leakage discount factor.
 (4) The sequestration value for a project management activity that does not involve new irrigation from a water access entitlement or an irrigation right must be calculated using the following formula:
 = Sequestration value  Equation SC1B

      Where:

 =  Sequestration value for project management activity x; t CO2-e / ha / y.
 =  value derived from the relevant Sequestration Value Maps; t CO2-e / ha / y.
 (5) The sequestration value for the project management activity must be multiplied by the period (in years) that the activity was carried out in the reporting period in a carbon estimation area, and by the area of the carbon estimation area, using the following formula:
  Equation SC2

      Where:

  =  total sequestration for project management activity x for reporting period Rc in carbon estimation area A; t CO2-e.
  =  sequestration value for project management activity x; t CO2-e / ha / y.
 =  length of the sequestration period of the reporting period (in years) that project management activity x was undertaken in reporting period Rc for carbon estimation area A; y.
 =  number of hectares in carbon estimation area A; ha.
   =  current reporting period.
Note:  These calculations should not be used to calculate net abatement if a depletion event has commenced under section 88 or section 89.

Subdivision 3—Calculating project emissions—general