Calculation tool:  Present value of carbon
                   For reference only
                   This tool has been provided for reference by prospective EXEED applicants. 
                   EXEED Stage 2 grant applications which successfully pass the evaluation process will receive a grant recommendation calculated in accordance 
                   with 7.5 of the EXEED Grant Guidelines 2022, which includes consideration of the present value of carbon.
                                   Annual ETS  Emissions Savings                                            tCO2                    Instructions
                           Annual non-ETS  Emissions Savings                                                tCO2                    1. Fill in the yellow boxes for a project, noting:
                                                                  Start Year                                                              - For sites which are not under the ETS, electricity-related emissions savings should be entered in the ETS box.
                                                                Project Life                 15             years                         - The Start Year entered should be the year after the project is completed.
                                                            Discount Rate                    4%                                           - The default Project Life is 15 years. This should not be changed unless the savings will last for less than 15 years.
                                Present value of carbon savings                      -    Euro                                      2. The green box shows the present value (in 2022) of emissions reductions expected to be achieved by the project. 
                                                                  Emission Value €/tCO2                                         Emissions Saved tCO2
                                   Year                          Non-ETS                    ETS                  Non-ETS                     ETS                    Total
                                   2023                                     52.00                   23.60            0.0                     0.0                      0.0
                                   2024                                     59.00                   23.60            0.0                     0.0                      0.0
                                   2025                                     66.00                   23.60            0.0                     0.0                      0.0
                                   2026                                     73.00                   24.70            0.0                     0.0                      0.0
                                   2027                                     80.00                   26.90            0.0                     0.0                      0.0
                                   2028                                     86.00                   29.10            0.0                     0.0                      0.0
                                   2029                                     93.00                   31.30            0.0                     0.0                      0.0
                                   2030                                   100.00                   33.50             0.0                     0.0                      0.0
                                   2031                                   105.00                   35.20             0.0                     0.0                      0.0
                                   2032                                   110.00                   36.90             0.0                     0.0                      0.0
                                   2033                                   116.00                   38.60             0.0                     0.0                      0.0
                                   2034                                   122.00                   40.30             0.0                     0.0                      0.0
                                   2035                                   128.00                   42.00             0.0                     0.0                      0.0
                                   2036                                   134.00                   43.60             0.0                     0.0                      0.0
                                   2037                                   141.00                   45.20             0.0                     0.0                      0.0
                                   2038                                   148.00                   46.80             0.0                     0.0                      0.0
                                   2039                                   155.00                   48.40             0.0                     0.0                      0.0
                                   2040                                   163.00                   50.00             0.0                     0.0                      0.0
                                   2041                                   171.00                   53.80             0.0                     0.0                      0.0
                                                                                                                               Present Value of Emissions Saved
                                 Source:                   https://assets.gov.ie/43554/70a378231f1540b0a09a0560dc9dd26f.pdf 
EXEED Stage 2 grant applications which successfully pass the evaluation process will receive a grant recommendation calculated in accordance 
with 7.5 of the EXEED Grant Guidelines 2022, which includes consideration of the present value of carbon.
1. Fill in the yellow boxes for a project, noting:
      - For sites which are not under the ETS, electricity-related emissions savings should be entered in the ETS box.
      - The Start Year entered should be the year after the project is completed.
      - The default Project Life is 15 years. This should not be changed unless the savings will last for less than 15 years.
2. The green box shows the present value (in 2022) of emissions reductions expected to be achieved by the project. 
                    Value of Emissions Saved €
              Non-ETS         ETS          Total
                 0             0             0
                 0             0             0
                 0             0             0
                 0             0             0
                 0             0             0
                 0             0             0
                 0             0             0
                 0             0             0
                 0             0             0
                 0             0             0
                 0             0             0
                 0             0             0
                 0             0             0
                 0             0             0
                 0             0             0
                 0             0             0
                 0             0             0
                 0             0             0
                 0             0             0
                       0             0             0