10. How are CORSIA Eligible Fuels accounted for in the calculation of offsetting requirements?

From 2021 onwards, operators can reduce their CORSIA offsetting requirements by claiming emissions reductions from CORSIA Eligible Fuels.

In order to do this, the operator will:

· Use the amounts of CORSIA Eligible Fuels purchased, based on purchase records;

· Use the life-cycle emissions values to determine emissions reduction factors for each CORSIA Eligible Fuel;

· Obtain valid sustainability certification document; and

· Report and claim verified reductions of its emissions from the use of CORSIA Eligible Fuels to the State.

The State will calculate the operator’s total final offsetting requirements at the end of each compliance period by subtracting the emissions reductions from the use of CORSIA Eligible Fuels from the operator’s offsetting requirements during the compliance period.

The figure below provides an illustration of accounting the benefits from CORSIA Eligible Fuels.

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