Carbon Credits (Carbon Farming Initiative—Measurement of Soil Carbon Sequestration in Agricultural Systems) Methodology Determination 2018
24Overview
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24 Overview
This section sets out an overview of the method specified in this Part.
This determination accounts for carbon abatement from undertaking eligible management activities in accordance with this determination, crediting abatement from the carbon dioxide that is removed from the atmosphere and sequestered in soils.
A project covered by this determination is a sequestration offsets project, and is therefore subject to the obligations under the Act that relate to the permanence obligation period.
The net abatement amount in relation to a reporting period, for a soil carbon project under this determination, is given by the change in soil organic carbon in the CEAs that make up the project area between reporting periods, less an adjustment for when:
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project emissions in the project area during the reporting period exceed average project emissions levels during the baseline period; and
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this is not offset by previous reporting periods where project emissions were lower than average project emissions levels during the baseline period.
The calculation of the change in soil organic carbon levels is done in accordance with Schedule 1. The calculation of project emissions in the baseline period and reporting period is done in accordance with Schedule 2.
If the project has 2 or more project areas, the net abatement amount is calculated separately for each project area and added together.