Division III — Offsetting

For each compliance period, a private operator or air operator must offset the final amount of CO₂ emissions calculated in accordance with subsection 1000.24(1) and indicated in a notice provided by the Minister by cancelling, within a registry referred to in section 1020.20 of the CORSIA Standard, an amount of CORSIA eligible emissions units equal to the amount indicated in the notice, by the later of

For the purposes of calculating offsetting obligations, the CO₂ emissions to be taken into account are those from flights between states referred to in subsection 1020.10(4) of the CORSIA Standard — other than flights referred to in subsection 1000.02(4) — that are conducted using one or more large aeroplanes.

A private operator or air operator must ensure that the information referred to in subsection 1020.30(4) of the CORSIA Standard in respect of each of its cancelled CORSIA eligible emissions units for a given compliance period is published on the website of the registry referred to in subsection (1).

The Minister must calculate the amount of CO₂ emissions, expressed in tonnes, required to be offset by a private operator or air operator for a given calendar year, without consideration of any reduction resulting from the use of CORSIA eligible fuels, using the following formula:

%S

y

x

(

OE

y

x

SGF

y

)

+

%O

y

x

(

OE

y

x

OGF

y

)

where

y

is the per cent sectoral for the given calendar year y, as indicated in subsection 1020.22(2) of the CORSIA Standard;

y

is the CO₂ emissions from the operator’s flights referred to in subsection 1000.20(2) for the given calendar year y;

y

is the sector’s growth factor for the given calendar year y referred to in subsection 1020.22(3) of the CORSIA Standard;

y

is the per cent individual for the given calendar year y, as indicated in subsection 1020.22(2) of the CORSIA Standard; and

y

is the operator’s growth factor for the given calendar year y, calculated in accordance with the formula set out in subsection (2).

The Minister must, taking into account the CO₂ emissions set out in the verified emissions report submitted by the private operator or air operator, calculate the operator’s growth factor for a given calendar year using the following formula:

(

OE

y

–

OE

B,y

)

OE

y

where

y

is the CO₂ emissions from the operator’s flights referred to in subsection 1000.20(2) for the given calendar year y; and

B,y

is the value set out in subsection 1020.22(4) of the CORSIA Standard.

In the case of a new entrant, the Minister must not take into account the CO₂ emissions produced by the new entrant during the shorter of the following periods:

A private operator or air operator may claim an emissions reduction resulting from the use of CORSIA eligible fuels in a given calendar year and, if a claim is made, the reduction is to be calculated for each CORSIA eligible fuel using the following formula and be expressed in tonnes:

FCF

x

[

Σ

f

MS

f,y

x

(

1

–

LS

f

LC

)

]

where

FCF

is the fuel conversion factor, expressed in kg CO₂/kg fuel, and is equal to

3.16 for Jet-A and Jet-A1 fuels; or

3.10 for aviation gasoline (AvGas) and Jet-B fuel;

f

y

is the total mass, expressed in tonnes, of a given CORSIA eligible fuel f claimed for the given calendar year y, as calculated in accordance with subsection 1020.23(3) of the CORSIA Standard and as reported in accordance with section 1000.30 of these Regulations;

f

is the life-cycle emissions value for a given CORSIA eligible fuel f, calculated in accordance with subsection (2) and expressed in gCO₂e/MJ; and

LC

is the life-cycle emissions value for fuel, expressed in gCO₂e/MJ and equal to

89 for jet fuels; and

95 for aviation gasoline (AvGas).

For the purposes of calculating the life-cycle emissions value for a CORSIA eligible fuel,

In order to claim an emissions reduction resulting from the use of CORSIA eligible fuels during a given compliance period, a private operator or air operator must submit the information required by subparagraph 1000.30(1)(a)(ii) no later than in its verified emissions report in respect of the final year of that compliance period.

The Minister must calculate, for each private operator and air operator, the final amount of CO₂ emissions that that operator is required to offset for a given compliance period, rounded up to the nearest tonne, using the following formula:

(

OR

1,c

+

OR

2,c

+

OR

3,c

)

–

(

ER

1,c

+

ER

2,c

+

ER

3,c

)

where

y

c

is the amount of CO₂ emissions that the operator is required to offset for the given calendar year y (where y = 1, 2 or 3) of the compliance period c, calculated in accordance with section 1000.22; and

y

c

is the emissions reduction claimed resulting from the use of CORSIA eligible fuels in the given calendar year y (where y = 1, 2 or 3) of the compliance period c, calculated in accordance with section 1000.23.

If the amount of CO₂ emissions calculated in accordance with subsection (1) is a negative amount for a given compliance period, that amount cannot be used to reduce the private operator’s or air operator’s emissions-offsetting obligations for a subsequent compliance period.