Clause 22: New Section 82:
Subclause (1): To omit the formula “PA = LA × AB × OSY”
(line 17 on page 32) and substitute the following:
To insert, after the definition of “OSY”
(after line 8 on page 33) the following:
“EB | is the total emissions produced by eligible industrial activities in the baseline year of 2005. |
“ESY | is the total emissions produced by eligible industrial activities in the year immediately proceeding the specified year, as determined in accordance with regulations made under this Act.” |