Advanced Refrigeration CAN - ARS 001C

Audit Analysis

The Advanced Refrigeration ARS 001C project has VVB-confirmed additionality but is undermined by 11 material findings in the verification report, including incorrect GWP values for R-290, wrong equipment charge sizes, and a boundary omission (SSR 7). The verified emissions reductions for the 2016–2018 monitoring period (1,000,000 tCO₂e) are approximately 371% of the pro-rata expectation derived from the lifetime ex-ante estimate, raising serious over-crediting concerns. Leakage treatment is contradictory across documents and the project-specific baseline lacks a stated reassessment schedule.

Project Description

Red Flags

• ⚠Verified ERR of 1,000,000 tCO₂e for the 3-year monitoring period is ~371% of the pro-rata expectation (~269,295) derived from the 1,077,179 tCO₂e lifetime ex-ante estimate over the 12-year crediting period, indicating potential over-crediting
• ⚠Eleven material findings in the verification report include an incorrect GWP applied to R-290, non-equipment-specific charge sizes in baseline calculations, and SSR 7 (Equipment Disposal) incorrectly excluded from the project boundary
• ⚠Leakage justification is contradictory: the validation report (April 2021) states it was 'not addressed' while the PDD (February 2021) claims it was 'deemed negligible', with a 0% deduction applied
• ⚠Twelve corrective actions were required, indicating the project plan and monitoring reports contained multiple unresolved errors at the time of verification

Credit Vintages