The Carbon Credits (Carbon Farming Initiative – Industrial Electricity and Fuel Efficiency) Methodology Determination 2015 (the Method) covers a broad range of electricity and fuel efficiency activities including lighting upgrades, heating, ventilation and cooling system upgrades, boiler upgrades, and variable speed drive installation.
An industrial electricity and fuel efficiency project may undertake activities to reduce emissions from equipment that consumes electricity or fuel. The method is based on comparing emission levels before and after project activities have been implemented.
Before implementing an industrial and waste methods project activities participants must develop a baseline emissions model using statistical regression analysis. This model estimates what emissions levels would have been if the project had not gone ahead. After implementing project activities participants have the option of directly measuring fuel and electricity consumption, or developing an operating emissions model using statistical regression analysis to estimate emissions from the project. The method outlines how to develop emissions models. Participants can group together different activities into a single project, or establish activities as standalone projects.