Sch 1

Schedule 1—Emissions avoidance—calculation of adjusted contribution to net abatement amount for a calendar year

Division 1—Preliminary

1   Simplified outline of this Schedule

First, the contribution to the net abatement amount for the project area from emissions avoidance in the project area for the calendar year, AEA, is calculated. This is calculated as the difference between the mean annual emissions from savanna burning over the baseline period, and the emissions from savanna burning during that year. 

Then, from AEA, the adjusted contribution to the net abatement amount for the calendar year, AEA,adj, is calculated. The adjustment manages the risk of the project containing some years in which emissions are higher than the mean annual baseline emissions, and involves apportioning the amount AEA between the adjusted contribution AEA,adj and an ‘uncertainty buffer’. Generally, the uncertainty buffer starts at zero (unless the project area is a transferring project area). The uncertainty buffer is capped at a maximum, BU,Cap, which is equal to 5 per cent of the mean annual baseline emissions. The uncertainty buffer is subtracted from in years in which AEA is less than zero. For years in which AEA is greater than zero, the uncertainty buffer is generally added to, subject to its reaching the maximum, BU,Cap.

The value of the uncertainty buffer cap, BU,Cap, and values relating to the baseline period, are recalculated each year, and will potentially change from year to year. Changes to these values might arise, for example, if documents that are referred to as in force from time to time are modified, if the vegetation fuel type map is revised, or if project areas are subdivided.

Division 2— Calculations