Document ID: chunk:federal_register_of_legislation:F2022L00047:clause:6_51
Version: federal_register_of_legislation:F2022L00047
Segment Type: clause
Provision Reference: sch 6 cl 51
Character Range: 98195–99439

51  Net carbon stock change for a project area in later reporting periods
  The net carbon stock change for a project area in a reporting period after the first reporting period () (in tonnes CO2‑e) is calculated using the following equation:
  Equation 23

  where:
 is the deemed net carbon stock in the project area at the end of the reporting period RP (in tonnes CO2‑e)—from section 49.
 is the deemed net carbon stock in the project area at the end of the previous reporting period RP – 1 (in tonnes CO2‑e), as reported in the offsets report for the previous reporting period.
 is the baseline net carbon stock (in tonnes CO2‑e) for the project area for reporting period RP, and is equal to the amount  as calculated using equation 7 for the reporting period RP.
 is the baseline net carbon stock (in tonnes CO2‑e) for the project area for the previous reporting period, RP – 1, and is equal to the amount  as calculated using equation 7, and reported in the offsets report, for reporting period RP – 1.
Note: If  is less than or equal to zero, project carbon stocks are lower than baseline carbon stocks, or lower than the carbon stocks under the former determination (for a pre-existing project) which means that no abatement occurred.