Carbon Tax Act, 2019 (Act No. 15 of 2019)RegulationsRegulations on the greenhouse gas emissions intensity benchmark prescribed for the purpose of section 11 of the Carbon Tax Act, 20193. Determining emissions intensity benchmark in respect of more than one emissions intensity benchmark in respect of activity |
Where more than one emissions intensity benchmark exists in respect of an activity, the emissions intensity benchmark for the purposes of symbol "A" in section 11(1) of the Carbon Tax Act must be determined in accordance with the formula:
Y = Q
K
in which formula—
| (a) | "Y" represents the emissions intensity benchmark to be determined; |
| (b) | "Q" represents a number equal to the sum of amounts of the respective processes in respect of a product which forms part of total of all products produced, which amount must be determined in accordance with the formula: |
Q = [R x M]
in which formula—
| (i) | "Q" represents the amount to be determined; |
| (ii) | "R" represents a number equal to the production of the respective process in respect of a product which forms part of total of all products produced in respect of which the emissions intensity benchmark must be determined; |
| (iii) | "M" represents the benchmark in respect of the respective process in respect of a product, determined under regulation 2, which forms part of total of all products produced; and |
| (c) | "K" represents a number equal to the production of the total of the products produced in respect of which the emissions intensity benchmark must be determined. |