Alto Mayo Conservation Initiative
#3of 261 in Soil carbon#1of 24 in Peru#89of 1339 in Verra (VCS)#1of 29 in VM0015
Audit Analysis
The Alto Mayo Conservation Initiative is a long-running VCS ALM soil-carbon project in Peru with a confirmed barrier additionality test, a 10% buffer pool, and no reported reversal events. However, the project-specific baseline, a 0% leakage deduction with inconsistent justification across documents, and 22 material findings (all subsequently addressed) introduce moderate risk. The project over-delivered relative to its ex-ante estimate for the monitored period, which is a positive signal for claim conservatism.
Red Flags
- Leakage deduction of 0% for a soil-carbon project, with the verification report calling it 'quantified' while the monitoring report calls it 'deemed negligible' — the basis for the zero deduction is not clearly documented
- 22 essential VCS findings were raised during verification, including overlapping emission reductions from a prior monitoring period and uncertainty adjustments not applied to all forest classes
- Baseline is project-specific rather than jurisdictional, and the last reassessment date is not stated in available documents
- FNRB value and method are not stated in any extracted document, leaving the forest reference level unverifiable
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2008 | 2,842,849 | 2,042,849 | 800,000 | |
| 2012 | 1,586,012 | 1,586,012 | 0 | |
| 2014 | 1,220,973 | 970,143 | 250,830 | |
| 2016 | 1,028,498 | 1,025,994 | 2,504 | |
| 2018 | 889,110 | 889,110 | 0 | |
| Total | 7,567,442 | 6,514,108 | 1,053,334 |
Risk Indicators
VVB-confirmed barrier test
10% buffer, no reversals
0% deduction, inconsistent justification
Project-specific, reassessment date unstated
FPIC, grievance mechanism, safeguards documented
CORSIA and CCP status not stated
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