Advanced Refrigeration - ARS2026001

Audit Analysis

This ACR advanced-refrigeration project in the US has a VVB-confirmed additionality assessment but is undermined by four material findings (including a cooling-capacity calculation error) and a striking identity between the verified, claimed, and lifetime ex-ante ERR figures (all 44,494) despite only nine months of a ten-year crediting period having elapsed. The project-specific baseline, a leakage justification that is contradicted between the validation and monitoring reports, and the absence of CORSIA/CCP status information further weaken confidence in the credit claims.

Project Description

Red Flags

• ⚠Verified ERR (44,494) equals the full lifetime ex-ante estimate despite only ~9 months of the 10-year crediting period having elapsed, implying the project delivered roughly 13× the pro-rata expectation for the elapsed period.
• ⚠Material finding: cooling capacity applied in calculations for Cypress Cold LTC-1 was inconsistent with verification evidence, directly affecting credit quantities.
• ⚠Leakage justification is stated as 'deemed negligible' in the monitoring report but is not addressed at all in the validation report, creating an unresolved contradiction.
• ⚠Four material findings and four corrective actions were required, spanning GPS coordinates, data-source entries, vintage year, implementation dates, and calculation inputs.

Credit Vintages