Anew - Boone Forestry Project

Audit Analysis

The Boone Forestry Project is a Kentucky improved-forest-management project with solid structural safeguards (18% buffer pool, 40% quantified leakage deduction, VVB-verified additionality, no reversal events), but the verification report reveals an unusually high volume of calculation and data-entry errors (30+ material findings, 17 corrective actions) that undermine confidence in the underlying MRV. The project-specific modeled baseline and the absence of FPIC or a documented grievance mechanism further limit the integrity score.

Project Description

Red Flags

• ⚠The November 2024 verification report lists more than 30 material findings and 17 corrective actions, including errors in baseline CO2e calculations, HWP weighting equations, storage-factor application, acreage figures, and uncertainty quantification — indicating a fragile MRV process that required extensive VVB intervention.
• ⚠Free, Prior, and Informed Consent (FPIC) was not conducted and no grievance mechanism is documented in the extracted record, leaving a gap in community-safeguard compliance for a project operating on private forestland in Kentucky.
• ⚠The monitoring report (Nov 2024) claimed 485,455 tCO2e while the VVB verified only 398,073 tCO2e — an 18% reduction that, while conservative, highlights a material discrepancy between the project's self-reported and independently verified figures.

Credit Vintages