26Calculation and accrual of activity abatement portions

26  Calculation and accrual of activity abatement portions

Calculation of activity abatement portions

 (1) Subject to subsection (2), the activity abatement portions for a reporting period, in tonnes CO2‑e, are worked out using the formula (equation 2):

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AY means activity abatement portion A0, A1, A2, A3, A4, A5 or A6, in tonnes CO2‑e.

EB,a means the baseline emissions for source separation activity a during the reporting period, in tonnes CO2‑e, worked out using equation 3.

EP,a means the project emissions for source separation activity a, in tonnes CO2‑e, worked out in accordance with section 37.

IFn means the improvement factor for the reporting period, worked out in accordance with section 48.

a means a source separation activity that is included in the calculation of the activity abatement portions for the reporting period in accordance with section 25.

Note 1: The denominator is 7 because this is the number of years in the crediting period for emissions avoidance projects (see section 69 of the Act).

Note 2: An aggregated waste diversion activity is a single source separation activity.

 (2) The activity abatement portions for the reporting period are taken to be zero if the reporting period is not included in a crediting period for the project.

Accrual of activity abatement portions

 (3) The activity abatement portions for a reporting period accrue as follows:

 (a) A1 accrues 1 year after the end of the reporting period;

 (b) A2 accrues 2 years after the end of the reporting period;

 (c) A3 accrues 3 years after the end of the reporting period;

 (d) A4 accrues 4 years after the end of the reporting period;

 (e) A5 accrues 5 years after the end of the reporting period;

 (f) A6 accrues 6 years after the end of the reporting period.

Subdivision B—Calculations relating to baseline emissions