Document ID: chunk:federal_register_of_legislation:F2024C00846:reg:11
Version: federal_register_of_legislation:F2024C00846
Segment Type: reg
Provision Reference: reg 11
Character Range: 37608–40346

11  Baseline emissions number for existing facility
 (1) The baseline emissions number for an existing facility (other than a landfill facility) for a financial year is the number worked out using the following formula:
where:
ERC is the emissions reduction contribution for the facility for the financial year.
p is a production variable for the facility for the financial year.
h is the transition proportion for the financial year.
EI, in relation to a production variable for the facility for the financial year, is the default emissions intensity number of the production variable for the financial year.
Note: The default emissions intensity number of tonnes of reservoir carbon dioxide from new gas fields is zero (see section 35A of Schedule 1).
EIF, in relation to a production variable for the facility for the financial year, is:
 (a) if an emissions intensity determination that applies in relation to the facility for the financial year specifies a facility‑specific emissions intensity number of the production variable—that number; or
 (b) otherwise—0.
Q, in relation to a production variable for the facility for the financial year, is:
 (a) if an emissions intensity determination that applies in relation to the facility for the financial year specifies a facility‑specific emissions intensity number of the production variable—the quantity of the production variable for the facility for the financial year; or
 (b) otherwise—0.
EIB, in relation to a production variable for the facility for the financial year, is:
 (a) if there is a best practice emissions intensity number for the production variable for the financial year—that number; or
 (b) if there is no best practice emissions intensity number for the production variable for the financial year, and the production variable is a historical production variable for the facility—zero; or
 (c) otherwise—the default emissions intensity number for the production variable for the financial year.
Note: The best practice emissions intensity number of tonnes of reservoir carbon dioxide from new gas fields is zero (see section 35A of Schedule 1).
QB, in relation to a production variable for the facility for the financial year, is:
 (a) if an emissions intensity determination that applies in relation to the facility for the financial year specifies a facility‑specific emissions intensity number of the production variable—0; or
 (b) otherwise—the quantity of the production variable for the facility for the financial year.
BA is the borrowing adjustment for the facility for the financial year.
 (2) The number worked out using the formula in subsection (1) is to be rounded to the nearest whole number (rounding up if the first decimal place is 5 or more).