Carbon Credits (Carbon Farming Initiative—Estimation of Soil Organic Carbon Sequestration Using Measurement and Models) Methodology Determination 2021
22The net abatement amount for a project area for a transferring project, APA
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22 The net abatement amount for a project area for a transferring project, APA
(1) For equation 1 for a transferring project, View image in the official source for a project area PA for a reporting period RP is worked out, in tonnes CO2-e, using the following equation:
| <br>View image in the official source<br> | equation 3 |
View image in the official sourceis the change in soil organic carbon for the project area for the current reporting period RP from the baseline to the reporting period, in tonnes of soil organic carbon, worked out using equation 6.
RC is the total number of Australian carbon credit units:
(a) issued, before the end of the reporting period, in relation to each CEA that was removed from the project area before that time; and
Note: The ability to remove CEAs from a project area is limited by subsection 9(4).
(b) relinquished in relation to each CEA in the project area under sections 88, 90 or 91 of the Act before the end of the reporting period.
View image in the official source is the aggregate of the permanence period discount number and the risk of reversal buffer number under section 16 of the Act associated with the Australian carbon credit units comprised in the definition of RC in this section.
View image in the official sourceis any net increase in emissions in the crediting period compared to the emissions in the baseline period, in tonnes CO2-e, determined for the reporting period in accordance with section 26.
View image in the official source is:
(a) if the 2014 methodology determination was the applicable methodology determination for the project for a previous reporting period—the amount, in tonnes of CO2-e, worked out using equation 4 that is greater than zero;