50Net carbon stock change for a project area in first reporting period under this determination

50  Net carbon stock change for a project area in first reporting period under this determination

 (1) For a project that is not a pre-existing project, the net carbon stock change in a project area for the first reporting period (View image in the official source) (in tonnes CO2‑e) is calculated using the following equation:

| View image in the official source | Equation 21 |

View image in the official source is the deemed net carbon stock for the project area at the end of the reporting period (in tonnes CO2‑e)—from section 49.

View image in the official source is the baseline net carbon stock (in tonnes CO2‑e) for the project area—from equation 7.

Note: View image in the official sourcecan be zero or less than zero becauseView image in the official source represents a net carbon stock change in a project area relative to the baseline (View image in the official source).

 (2) For a pre-existing project, the net carbon stock change in a project area for the first reporting period under this determination (View image in the official source) (in tonnes CO2‑e) is calculated using the following equation:

| View image in the official source | Equation 22 |

View image in the official source is the deemed net carbon stock for the project area at the end of the reporting period (in tonnes CO2‑e)—from section 49.

View image in the official source is the sum of the carbon stocks for each CEA (however described) in the project area as reported in the most recent offsets report under the former determination.

Note: View image in the official sourcecan be zero or less than zero becauseView image in the official source represents a net carbon stock change relative to the carbon stock at the end of the last reporting period under the former determination (View image in the official source).