93Calculating initial carbon stock for a stratum

93 Calculating initial carbon stock for a stratum

(1) For equations 3a and 3c, this section sets initial carbon stock, and the standard error for the initial carbon stock, for a stratum in the first reporting period in which the stratum is referenced.

Initial carbon stock normally zero

(2) Subject to this section:

(a) the initial carbon stock is zero; and

(b) the standard error is zero.

Initial carbon stocks for pre-existing strata

(3) For a pre-existing stratum:

(a) the initial carbon stock is the reported value of the closing stock in the relevant offsets report; and

(b) the standard error is:

(i) if a standard error for the carbon stock was also reported in the relevant offsets report—that value; and
(ii) otherwise—zero.

(4) For this section:

pre-existing stratum means a pre-existing stratum established by subsection 17(10) because section 15 applied to the project; and

relevant offsets report means the relevant offsets report for the project under section 15.

Subdivision 4—Calculating closing carbon stock for a stratum