The Clean Energy Regulator recommends you draw up a plan for the monitoring, data collecting and record keeping required for a project report as specified in Part 5 of the method. The means of collecting and recording data will need to be in place from the start of the project. Should a project report and associated audit show that data collecting and record keeping have not been in place for the entire reporting period, ACCUs may not be issued for some or all of that reporting period.
For a soil carbon project, specific records need to be kept to show you are monitoring your project management activities (Sections 98–101). If you fail to monitor livestock, carbon abatement for the entire CEA will be zero (Sections 100 and 102). Penalties to the amount of carbon abatement, and therefore ACCUs, will apply if you do not monitor other parameters in your management plans (Section 103).
When developing your plan, make sure you have the right controls and processes around your data. Are you collecting your data efficiently? Will you be able to maintain your data in the event of an emergency such as a fire?
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.