17ARequirement in lieu of newness requirement

17A  Requirement in lieu of newness requirement

 (1) For subparagraph 27(4A)(a)(ii) of the Act, the requirement in subsection (2) is in lieu of the newness requirement for a restarting ICER project.

 (2) The requirement is that the project must be a restarting ICER project.

 (3) A project is a restarting ICER project if:

 (a) the proposed implementation activities described in the section 22 application in relation to the project are activities that constituted an implementation identified in the section 22 application in relation to an eligible offsets project (the original project) for which the Carbon Credits (Carbon Farming Initiative—Industrial Electricity and Fuel Efficiency) Methodology Determination 2015 was the applicable methodology determination; and

  Note: Activities described in the section 22 application in relation to the original project as likely to constitute an implementation but not identified at the time of making the application can be included in a restarting ICER project through the provision of an updated statement of activity intent with the offsets report for the reporting period in which the activities are completed.

 (b) after the commencement of this determination but before the start time for the crediting period for the original project, the Regulator revoked, under section 30 or item 3 of subsection 32(1) of the Carbon Credits (Carbon Farming Initiative) Rule 2015, the declaration made under section 27 of the Act in relation to the original project.

Division 5—Making choices for a project

Subdivision 1—Identifying the boundary for each implementation

18  Summary

An industrial and commercial emissions reduction project consists of one or more implementations. An implementation represents one or more discrete implementation activities that relate to existing emissions-producing equipment at a site.

The concept of implementation is central to this determination:

(a) project proponents must define a boundary for each implementation (Part 3); and

(b) the baseline emissions are modelled, and operating emissions are measured at the extent of the implementation boundary (Part 3); and

(c) net abatement for the project in a reporting period is calculated as the sum of abatement achieved in each implementation (Part 4); and

(d) reports and records are prepared on the basis of implementations (Part 5).