Carbon Credits (Carbon Farming Initiative— Industrial Equipment Upgrades) Methodology Determination 2018 (Cth)

Carbon Credits (Carbon Farming Initiative— Industrial Equipment Upgrades) Methodology Determination 2018 I, Josh Frydenberg, Minister for the Environment and Energy, make the following determination.

Dated 4/4/18 [Date]

Josh Frydenberg

Minister for the Environment and Energy

Contents Part 1 —Preliminary 4 1 Name 4 2 Commencement 4 3 Authority 4 4 Duration 4 5 Definitions 4 6 Factors and parameters from external sources 7 7 Definitions in other instruments relating to optimised equipment 7 Part 2 —IEU projects 8 8 IEU projects 8 Part 3 —Project requirements 11 9 Operation of this Part 11 10 IE units that cannot be included in an eligible offsets project 11 11 IE unit must include all equipment within an energy boundary 13 12 Partly independent sub-system of an IE unit 15 13 Dividing an IE unit into sub-units 16 14 IE unit must have output indicators 16 15 Information to be included in application for declaration 18 16 Disposal of equipment and other components 19 Part 4 — Net abatement amount 20 Division 1 — Preliminary 20 17 Operation of this Part 20 18 Overview of gases accounted for in abatement calculations 20 Division 2 —IE units and data to be used in calculations 20 19 When an IE unit must be excluded from calculations 20 20 Data sources 21 21 Use of grid data for energy returned to the grid 21 Division 3 —Setting the measurement periods and reference period 22 22 Setting the measurement periods and reference period 22 23 The output representativeness criterion 24 Division 4 —Pre-upgrade and post-upgrade declarations 24 24 Pre-upgrade declaration by MVP 24 25 Post-upgrade declaration by MVP 26 26 Qualifications of an MVP 27 Division 5 —Method for calculating the net abatement amount 28 Subdivision 1 —General provisions 28 27 Summary 28 28 Net abatement amount for the project (A) 29 Division 6 —Calculation of baseline and project emissions rates 30 29 Baseline emissions rate for a sub-unit (ERB,i) 30 30 Project emissions rate for a sub-unit (ERP,i) 31 Part 5 —Reporting, notification, record-keeping and monitoring requirements 33 Division 1 —Offsets report requirements 33 31 Operation of this Division 33 32 Information that must be included in an offsets report 33 Division 2 —Notification requirements 34 33 Operation of this Division 34 34 Notification requirements 34 Division 3 —Record-keeping requirements 34 35 Operation of this Division 34 36 Record-keeping requirement 34 Division 4 —Monitoring 35 37 Operation of this Division 35 38 Monitoring requirements—general 35 39 Monitoring requirements—government supported renewable energy 36 40 Monitoring equipment 36 Part 6 —Dividing an IEU project 37 41 Division of project for reporting purposes 37