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(4)‘Sector’s Growth Factor’ or ‘SGF’ means a multiplier that is published in the International Civil Aviation Organization (ICAO) document entitled ‘CORSIA Annual Sector’s Growth Factor (SGF)’ and calculated by the Secretariat of ICAO according to the following methodology:
(a)SGF applicable for CO2 emissions occurring until 31 December 2023:SGFy = (SEy – SEB,y)/SEywhere:SEyTotal sectoral CO2 emissions from international flights performed by aircraft operators between two States participating in the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) in the given year y; andSEB,yTotal annual sectoral CO2 emissions in 2019 from international flights performed by aircraft operators between States participating in CORSIA in the given year y;
(b)SGF applicable for CO2 emissions occurring from 1 January 2024 until 31 December 2026:SGFy = (SEy – SEB,y)/SEywhere:SEyTotal sectoral CO2 emissions from international flights performed by aircraft operators between two States participating in CORSIA in the given year y; andSEB,y85 per cent of total annual sectoral CO2 emissions in 2019 from international flights performed by aircraft operators between two States participating in CORSIA in the given year y.
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