Afforestation of degraded grasslands in Caazapa and Guairá
Score Breakdown
Integrity
verified Additionality was confirmed by the VVB, and the project uses a combined additionality test under the AR-ACM0003 methodology.
missing Reversal events are reported, and the non-permanence risk rating was corrected from 16% to 14%, which weakens permanence confidence.
Transparency
verified The monitoring period is clearly stated, and the verification report identifies AENOR as the VVB.
missing Key MRV details are missing from the extracted record, including verified issuance totals, leakage deduction, and usage monitoring method.
Claim Safety
verified The project is in the AFOLU sector with a stated project baseline and a leakage justification that leakage is deemed negligible.
missing No quantified leakage deduction, no CORSIA eligibility status, and no CCP status are stated, leaving residual over-crediting and claim-risk uncertainty.
Documentation
verified The record includes a verification report date, a monitoring period, and 11 documents used in extraction.
missing Extraction confidence is low, and the evidence list is effectively non-specific, with no corrective actions or material findings to anchor the review.
Detailed Analysis
Integrity
The verification report from AENOR confirms additionality, and the project uses a combined additionality test under AR-ACM0003, which supports the baseline and additionality case. However, the record also says reversal events were reported and that the non-permanence risk rating was corrected from 16% to 14%, which is a meaningful permanence concern. Leakage is only described as negligible, with no quantified deduction in the extracted facts, so the integrity case is moderate rather than strong.
Transparency
The monitoring period and VVB identity are stated clearly in the verification report, which helps traceability. At the same time, the extracted record does not provide verified issuance totals, leakage deduction, or usage monitoring method, so the MRV picture is incomplete. The low extraction confidence further reduces confidence that the available documentation fully captures the project record.
Claim Safety
The project has a stated project baseline and a methodology appropriate for afforestation, and the leakage justification says leakage is deemed negligible. But the absence of a quantified leakage deduction, together with missing CORSIA and CCP status, leaves uncertainty around claim safety and over-crediting risk. The reported reversal issue also weakens confidence that credits are fully durable and conservatively accounted for.
Documentation
The record includes a verification report date, a monitoring period, and 11 documents used, which is better than a minimal file. Still, the extraction confidence is low, and the evidence list is not specific, so the documentation base appears fragile. No material findings or corrective actions are reported, but that does not offset the missing detail and the limited readability of at least one key document.
Overall
I privileged the 2021-12-30 verification report over the earlier 2021-07-17 and 2021-04 references because it is the most recent and appears to be the final verification source. On the contradictions, I treated the later record as controlling: it says the additionality test was combined rather than barrier-only, and it reports reversals rather than none reported, which lowers reliability and permanence confidence. Because documentation quality is weak and the project has unresolved leakage and permanence uncertainty, the overall score remains moderate.
Audit Analysis
This is a registered VCS afforestation project with some strong safeguards and a VVB-confirmed additionality assessment, but the evidence base is thin and partly inconsistent. The main concerns are the reported reversal/non-permanence issue, missing leakage quantification, and low extraction confidence, which together limit confidence in the crediting claims.
Project Description
Proponent: Miller Forest Investment AG Protocol categories: Agriculture Forestry and Other Land Use Protocols: AR-ACM0003 Estimated annual GHG reductions: 204819 tCO2e Region: Latin America Registration date: 2022-01-14
Red Flags
- A reversal/non-permanence issue is reported, and the record says the risk rating was corrected from 16% to 14%, which raises permanence concerns.
- Leakage is described as negligible, but no quantified leakage deduction is provided in the extracted record.
- The extracted documents contain contradictions on the additionality test type and on whether reversals were reported.
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2016 | 55,805 | 53,262 | 2,543 | |
| 2017 | 82,455 | 53,826 | 28,629 | |
| 2018 | 97,077 | 59,488 | 37,589 | |
| 2019 | 99,871 | 9,967 | 89,904 | |
| 2020 | 99,870 | 9,968 | 89,902 | |
| Total | 435,078 | 186,511 | 248,567 |
Cosa migliorerebbe questo punteggio
- Provide a quantified leakage assessment and any deduction applied in the issuance calculation.
- Publish the full verification and monitoring evidence for the reversal issue, including how the corrected non-permanence risk rating was derived and whether any credits were withheld or adjusted.
Questi suggerimenti indicano quali prove pubbliche aggiuntive potrebbero migliorare il livello di confidenza di questa valutazione. Non garantiscono un punteggio futuro più alto.
Risk Indicators
VVB-confirmed test
reversal events reported
negligible but unquantified
project baseline stated
FPIC and grievance mechanism present
status not stated
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