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Method variations

22 September 2016

Section 114 of the Carbon Credits (Carbon Farming Initiative) Act 2011 (the Act) allows for methods to be revised and varied. This is to ensure methods continue to operate as originally intended. Variations to methods are developed and drafted by the Department of the Environment and Energy. Information on draft methods and method variations is available on the Department of the Environment and Energy's website.

How a method variation may affect an Emissions Reduction Fund project

  • If a method variation occurs after the crediting period for a project has started, the scheme participant may continue to use the ‚Äčoriginal method that covered the project when it was registered as an Emissions Reduction Fund project. An exception to this occurs, for area based projects only, when a scheme participant using the original method, wishes to include additional land in their project area or substitute their project area with another area of land. In this situation, the additional land cannot be included in the project area, or the project area cannot be substituted, unless the scheme participant first transfers their project to the varied method. Scheme participants must also demonstrate that other legislative requirements for adding land to the project area, or substituting the project area, are satisfied (section 23 of the Carbon Farming Initiative Rule).
  • If a project has a delayed start date for its crediting period, and a variation to the method the project is covered by occurs before the delayed start date, the project will automatically transfer to the varied method and the project must be run according to the varied method.
  • If a project application is currently under assessment and a method variation is made before the project is registered as an Emissions Reduction Fund project, it will be assessed against the varied method and the project must be run according to the varied method if registered.

documentasset:Method variation information pack

If a method is to be varied, the Clean Energy Regulator recommends that scheme participants make themselves familiar with the varied method as there may be benefits to transfer to the varied method including in the administration of the project by the Clean Energy Regulator.

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