Paragraph 33 Existing manufacturer in non-compliant pool did not meet individual 2021 target

Where this paragraph applies, the VCTS participant’s baseline is the number resulting from the application of the following formula—

$$E-\left(E\times H\right)$$

where—

• “E” is the manufacturer’s 2021 individual NZE average emissions; and

• “H” is the 2021 pool excess for the pool of which the manufacturer was a member.