Carbon Credits (Carbon Farming Initiative—Beef Cattle Herd Management) Methodology Determination 2015
21The baseline emissions
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21 The baseline emissions
Note: The baseline emissions, for each year in the reporting period and for each herd in the project, is the estimated methane and nitrous oxide emissions for each year in the reporting period and for each herd that would have occurred had the project not been undertaken, and discounted by the 4% variance discount.
For each herd Image unavailable in extracted text in the project and each assessment year Image unavailable in extracted text of the herd that ends in the reporting period, the baseline emissions Image unavailable in extracted text is given by the following formula:
| | Equation 3 |
 = the liveweight gain for herd  for assessment year of the herd, in tonnes, as given by Equation 5.
 = the baseline annual emissions intensity for herd H, given by:
(a) if herd H is a full data herd—the historical annual emissions intensity for herd  (, in t CO2‑e per tonne of liveweight, as given by Equation 4; and
(b) if herd H is the limited data herd—the lower of the following, in t CO2‑e per tonne of liveweight:
(i) the historical annual emissions intensity for herd Image unavailable in extracted text (Image unavailable in extracted text, as given by Equation 4;
(ii) the reference emissions intensity for the project (Image unavailable in extracted text, as given by Equation 4A.
Note: The factor Image unavailable in extracted text represents a variance discount, which is applied to account for emissions reductions that were due only to environmental variations and compensates for years when herd annual abatement amounts are less than zero.