Advanced Refrigeration - ARS2023013

Audit Analysis

This ACR refrigeration project in the US has a VVB-confirmed additionality assessment and a reputable verifier (Tuv Sud), but the monitoring report surfaced six material findings involving baseline calculation errors, a missing facility, and address discrepancies that required corrective actions including the removal of one store from the project. The verified ERR of 47,249 tCO₂e equals the full lifetime ex-ante estimate despite covering only ~9.5 months of a 120-month crediting period, raising a significant over-crediting concern. Key technical parameters such as the F-gas emission factor and usage monitoring method are absent from the extracted record.

Project Description

Red Flags

• ⚠Verified ERR of 47,249 tCO₂e equals the full 10-year lifetime ex-ante estimate, yet the monitoring period covers only ~9.5 months of the 120-month crediting period — a pro-rata ratio of roughly 1,265% of the expected delivery for the elapsed period
• ⚠Six material findings in the monitoring report include baseline charge calculation errors (Publix #1155, #2039), a missing facility (Dacula, GA), and incorrect store addresses, with corrective actions requiring the removal of Publix #2039 from the project and ER calculations
• ⚠Crediting period contradiction: the monitoring report (2026-07-15) states 2024-09-10 to 2034-09-09, while an earlier document (2025-06-27) states 2023-10-03 to 2033-10-02, suggesting a possible project restart or documentation inconsistency
• ⚠F-gas emission factor (FNRB) method and value are not stated in any available document, which is a critical parameter for refrigerant-based emissions calculations

Credit Vintages