23Net abatement amount

23  Net abatement amount

  The carbon dioxide equivalent net abatement amount for a reporting period, in tonnes CO2‑e, is worked out using the formula (equation 1):

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AN means the carbon dioxide equivalent net abatement amount for the reporting period, in tonnes CO2‑e.

A0 means activity abatement portion A0 for the reporting period, in tonnes CO2‑e, worked out in accordance with section 26.

AAcc means the amount, in tonnes CO2‑e, that is the sum of each activity abatement portion that:

 (a) has accrued from a previous reporting period (see subsection 26(3)); and

 (b) has not been used before to calculate the carbon dioxide equivalent net abatement amount.

Note: The no double counting test in section 15A of the Act means that abatement will only be reflected in the unit entitlement for a certificate of entitlement in respect of an eligible offsets project if it has not been reflected in the unit entitlement for another certificate or project.