National Greenhouse and Energy Reporting (Safeguard Mechanism) Rule 2015
33Emissions reduction contribution for regular facility
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33 Emissions reduction contribution for regular facility
(1) If: (a) a facility is a regular facility in a financial year; and (b) the facility was not a trade‑exposed baseline‑adjusted facility in any previous financial year; the emissions reduction contribution for the facility for the financial year is the default emissions reduction contribution for that financial year. (2) If: (a) a facility is a regular facility in a financial year (the relevant financial year); and (b) the facility was a trade‑exposed baseline‑adjusted facility in a previous financial year; the emissions reduction contribution for the facility for the relevant financial year is the number worked out using the following formula: Start formula ERC subscript y minus DR end formula where:
ERCy is the emissions reduction contribution for the facility for the financial year ending immediately before the relevant financial year.
DR is the default decline rate for the relevant financial year.
(3) The number worked out using the formula in subsection (2) is to be rounded to 5 decimal places (rounding up if the sixth decimal place is 5 or more).