+Article 4 5

Article 4 5

5.   A carbon storage in product activity shall provide a temporary net carbon removal benefit, which shall be quantified using the following formula:

temporary net carbon removal benefit = CRbaseline – CRtotal – GHGassociated > 0,

where:

(a)

CRbaseline is the amount of carbon removals under the baseline;

(b)

CRtotal is the total amount of carbon removals of the activity;

(c)

GHGassociated is the increase in direct and indirect greenhouse gas emissions over the entire lifecycle of the activity which are attributable to its implementation, including indirect land use change, calculated, where applicable, in accordance with the protocols set forth in the 2006 IPCC Guidelines for National Greenhouse Gas Inventories and any further refinement to these 2006 IPCC Guidelines.

1. Overview

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1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards