Carbon Credits (Carbon Farming Initiative—Reducing Greenhouse Gas Emissions from Fertiliser in Irrigated Cotton) Methodology Determination 2015
15Method for calculating the net abatement amount
Start here
Get a plain-English read of 15
Turn the raw legal text into a practical explanation grounded in Carbon Credits (Carbon Farming Initiative—Reducing Greenhouse Gas Emissions from Fertiliser in Irrigated Cotton) Methodology Determination 2015.
15 Method for calculating the net abatement amount
(1) For paragraph 106(1)(c) of the Act, this Part specifies the method for working out the carbon dioxide equivalent net abatement amount for a reporting period for an irrigated cotton project that is an eligible offsets project. (2) For each project area and for each year in the reporting period, calculate the annual project area abatement amount, in t CO2-e, in accordance with the following formula: Image unavailable in extracted text
Note: The terms baseline emissions and project emissions are defined, for each project area and each year of the reporting period, in Division 2 and Division 3 respectively.
(3) For the reporting period, the carbon dioxide equivalent net abatement amount is the sum of all annual project area abatement amounts greater than zero.
Note: Annual project area abatement amounts that are less than zero must be reported, but are not deducted from the carbon dioxide equivalent net abatement amount. This treatment of negative annual project area abatement amounts is possible from a greenhouse gas accounting perspective because of the variance discount applied to the baseline, which reduces positive annual project area abatement amounts (see Division 2).