15Net conversion abatement amount

15 Net conversion abatement amount

(1A) The carbon dioxide equivalent net conversion abatement amount for a reporting period, Aconversion (in tonnes CO2-e), is worked out using the formula (equation 1B):

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Aconversion is the carbon dioxide equivalent net conversion abatement amount for the reporting period, in tonnes CO2-e.

Aconversion,t is the carbon dioxide equivalent net conversion abatement amount for project treatment facility t for the reporting period, in tonnes CO2-e, worked out using equation 1B (section 15).

(1) The carbon dioxide equivalent net abatement amount for the reporting period, Aconversion,t (in tonnes CO2-e) is worked out using the formula (equation 1):

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Aconversion,t is:

(a) if the carbon dioxide equivalent net conversion abatement amount for project treatment facility t for the reporting period, in tonnes CO2-e, is greater than or equal to zero—that amount; or

(b) if that amount is less than zero—zero.

EB,t means the baseline emissions for project treatment facility t for the reporting period, in tonnes CO2-e, worked out in accordance with section 18.

EP, conversion,t means the project emissions for project treatment facility t for the reporting period, in tonnes CO2-e, worked out using equation 11 (section 32).

(2) If, during the reporting period, a project treatment facility:

(a) sends biogas to a biogas upgrading system; and

(b) either:

(i) the biogas is used for a purpose other than biogas upgrading to produce biomethane that can reasonably be expected to be combusted within Australia as a natural gas substitute; or
(ii) the biomethane produced from biogas upgrading cannot be reasonably expected to be combusted within Australia as a natural gas substitute;

Aconversion,t is taken to be zero.