Anshan Iron and Steel Group Corporation (Anshan) Coke Dry Quenching Power Generation Project

Audit Analysis

A CDM coke dry quenching power generation project in China with a VVB-confirmed combined additionality test, but undermined by five material findings (including PDD inconsistencies and IRR calculation errors), a 77% discrepancy in claimed emission reductions between successive monitoring reports, and contradictory baseline and leakage characterisations across documents. The project lacks a buffer pool, uses an outdated 2006 grid emission factor, and provides no verified ERR figure for the monitoring period.

Project Description

Red Flags

• ⚠Claimed total emission reductions dropped from 38,696 tCO₂e (2010 monitoring report) to 21,782 tCO₂e (2011 monitoring report) — a 44% downward revision that signals initial over-crediting
• ⚠Five material findings in the verification record, including PDD inconsistencies in net power supply and annual emission reduction, project emissions from CDQ start-up initially omitted, and IRR/common-practice analysis requiring revision
• ⚠Baseline method is contradictory: the validation report (2009) describes a jurisdictional baseline while the monitoring report (2010) describes a project-specific baseline
• ⚠Leakage justification is inconsistent: the validation report deems leakage negligible while the monitoring report states it was quantified, yet the deduction is 0% in both cases
• ⚠Grid emission factor of 1.0027 tCO₂/MWh is drawn from 2006 data, making it potentially stale for a project operating through 2019

Credit Vintages