Section 8 - Carbon Credits (Carbon Farming Initiative—Savanna Fire Management—Sequestration and Emissions Avoidance) Methodology Determination 2026 - Sequestration Bank

8Sequestration Bank

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8 Sequestration Bank

For the purposes of clause 7, for the first calendar year in a project’s crediting period under this instrument, the sequestration bank amount, SB, for a particular project area and for a particular calendar year, in tonnes CO2‑e, is given by the following equation:

Start formula SB equals 0.5 times open bracket C subscript y minus mean C subscript B close bracket end formula	equation 11

where:

Cy is the deemed net carbon stock in the project area at the end of the calendar year, in tonnes CO2‑e—from SavCAM.

C̄B is the mean baseline carbon stock, in tonnes CO2‑e—from equation 9.

For the purposes of clause 7, for all subsequent calendar years in a project’s crediting period under this instrument, the sequestration bank amount, SB, for a particular project area and for a particular calendar year, in tonnes CO2‑e, is given by the following equation:

Start formula SB equals SB subscript prev plus 0.5 times open bracket C subscript y minus C subscript y minus 1 close bracket minus R subscript prev end formula	equation 12

where:

Cy is the deemed net carbon stock in the project area at the end of the calendar year, in tonnes CO2‑e—from SavCAM.

Cy‑1 is:

if, for the previous calendar year, the current year’s Cy was calculated for the project area in accordance with this instrument—equal to the amount so calculated, in tonnes CO2‑e; and
in any other case—equal to the value of Cy calculated in accordance with this instrument for the particular project area for the previous calendar year, in tonnes CO2‑e.

SBprev is:

if, for the previous calendar year, the current year’s SB was calculated for the project area in accordance with this instrument—equal to the amount so calculated, in tonnes CO2‑e; and
in any other case—equal to the value of SB calculated in accordance with this instrument for the particular project area for the previous calendar year, in tonnes CO2‑e.