Carbon Credits (Carbon Farming Initiative—Plantation Forestry) Methodology Determination 2022
51Net carbon stock change for a project area in later reporting periods
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51 Net carbon stock change for a project area in later reporting periods
The net carbon stock change for a project area in a reporting period after 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 23 |
View image in the official source is the deemed net carbon stock in the project area at the end of the reporting period RP (in tonnes CO2‑e)—from section 49.
View image in the official source is the deemed net carbon stock in the project area at the end of the previous reporting period RP – 1 (in tonnes CO2‑e), as reported in the offsets report for the previous reporting period.
View image in the official source is the baseline net carbon stock (in tonnes CO2‑e) for the project area for reporting period RP, and is equal to the amount View image in the official source as calculated using equation 7 for the reporting period RP.
View image in the official source is the baseline net carbon stock (in tonnes CO2‑e) for the project area for the previous reporting period, RP – 1, and is equal to the amount View image in the official source as calculated using equation 7, and reported in the offsets report, for reporting period RP – 1.
Note: If View image in the official source is less than or equal to zero, project carbon stocks are lower than baseline carbon stocks, or lower than the carbon stocks under the former determination (for a pre-existing project) which means that no abatement occurred.