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Carbon Credits (Carbon Farming Initiative—Measurement of Soil Carbon Sequestration in Agricultural Systems) Methodology Determination 2018
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Turn the raw legal text into a practical explanation grounded in Carbon Credits (Carbon Farming Initiative—Measurement of Soil Carbon Sequestration in Agricultural Systems) Methodology Determination 2018.
27 The project emissions buffer for a project area for a reporting period
(1) The project emissions buffer (the View image in the official source) for each project area at the end of each reporting period must be calculated after the net abatement amount for the reporting period has been calculated.
(2) If View image in the official sourcegiven by equation 77 in Schedule 2 is less than or equal to 0, View image in the official source is given by the following equation:
| View image in the official source | equation 4 |
View image in the official source is project emissions buffer (if any) for the project area and previous reporting period RP-1, in tonnes of CO2-e, given by this section for the previous reporting period.
View image in the official sourceis the difference between the emissions in the current reporting period RP and the baseline period, in tonnes of CO2-e, given by equation 77 in Schedule 2 .
(3) If View image in the official sourcegiven by equation 77 in Schedule 2 is greater than zero and less than any value for PEBPA,RP-1 given by this section for the previous reporting period, the project emissions buffer View image in the official source is given by the following equation:
| View image in the official source | equation 5 |
View image in the official source is project emissions buffer (if any) for the project area and previous reporting period RP-1, in tonnes of CO2-e, given by this section for the previous reporting period.
View image in the official sourceis the difference between the emissions in the current reporting period RP and the baseline period, in tonnes of CO2-e, given by equation 77 in Schedule 2.
(4) If View image in the official sourcegiven by equation 77 in Schedule 2 is greater than or equal to any value for PEBPA,RP-1 given by this section for the previous reporting period, the project emissions buffer View image in the official source is 0.
Part 5—Reporting, record-keeping, notification and monitoring requirements
Division 1—Offsets report requirements
28 Operation of this Division
For paragraph 106(3)(a) of the Act, this Division sets out information that must be included in an offsets report about a soil carbon project that is an eligible offsets project.
Note: Other reporting requirements are set out in rules made under the Act.