Advanced Refrigeration - ARS2023010

Audit Analysis

This ACR refrigeration project has a VVB-verified additionality assessment and a reputable verifier (TÜV SÜD America), but the monitoring report reveals 12 material findings—including a double-counting error, incorrect baseline refrigerants, and GWP misassignments—that required 8 corrective actions. Most critically, the verified emissions reduction of 121,725 tCO₂e in a 9-month monitoring period represents roughly 13.6× the pro-rata expectation derived from the 122,026 tCO₂e lifetime ex-ante estimate, raising a severe over-crediting concern that cannot be dismissed without further clarification.

Project Description

Red Flags

• ⚠Verified ERR of 121,725 tCO₂e in a 9-month monitoring period equals 99.8% of the 122,026 tCO₂e lifetime ex-ante estimate, implying a 13.6× over-delivery relative to the pro-rata expectation of ~8,920 tCO₂e for the elapsed period
• ⚠Twelve material findings in the monitoring report, including a double-counting error between Store 634 and Store 694, incorrect baseline refrigerant identifications, and GWP misassignments, required eight corrective actions before the report could be accepted
• ⚠Leakage is deemed negligible with no quantified deduction or detailed justification in the available documents
• ⚠Crediting period dates are inconsistent between the monitoring report (2024-01-03 to 2034-01-02) and another document (2023-09-05 to 2033-09-04)

Credit Vintages