Document ID: chunk:federal_register_of_legislation:F2021L01696:clause:2_22:p2
Version: federal_register_of_legislation:F2021L01696
Segment Type: clause
Provision Reference: sch 2 cl 22 (pt 2/4)
Character Range: 61546–64450

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 3.
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.

       23  Accounting for abatement recorded under the 2014 methodology determination

         If the 2014 methodology determination was the applicable methodology determination for the project for a previous reporting period,  is worked out, in tonnes CO2-e, using the following equation:
  equation 4

       where:

        is the project net abatement, in tonnes CO2‑e, for a reporting period Rc for which the 2014 methodology determination was the applicable methodology determination for the project, as worked out under Division 6.3 of Part 6 of the 2014 methodology determination.

        is the number of reporting periods for which the 2014 methodology determination was the applicable methodology determination for the project.

       24  Accounting for abatement recorded under the 2015 methodology determination

         If the 2015 methodology determination was the applicable methodology determination for the project for a previous reporting period,  is worked out, in tonnes CO2-e, using the following equation:
  equation 5

       where:

        is the net abatement for the project for a reporting period Rc, in tonnes CO2-e, as worked out using equation NA3 of the 2015 methodology determination.

        is the number of reporting periods for which the 2015 methodology determination was the applicable methodology determination for the project.

       25  Change in soil organic carbon stock for a project area for a reporting period
 (1)  The  for a project area for a reporting period, in tonnes of soil organic carbon, is worked out using the following equation:

    equation 6

  where:
 is the number of CEAs in the project area.
 is the change in soil organic carbon stocks with a specified probability of exceedance, in tonnes of soil organic carbon for the ith CEA in the project area for the reporting period, given by:
 (a) if, pursuant to section 15, Schedule 2 has been used for the CEA for the reporting period—the value of  for the CEA for the reporting period worked out using equation 116;
 (b) if, pursuant to section 15, Schedule 1 has been