Bajo Calima y Bahía Málaga (BCBM) REDD+ Project
#64of 261 in Soil carbon#42of 124 in Colombia#577of 1339 in Verra (VCS)#4of 10 in VM0006
Audit Analysis
The BCBM REDD+ project has a sound core design with VVB-confirmed additionality, a 10% buffer pool, and a quantified 20% leakage deduction, and has operated without reported reversal events since 2013. However, the verification record reveals an unusually high volume of nonconformities (33 VCS and 9 CCB NCRs), a material risk of double counting with grouped project 2298, and significant data-quality gaps in KML files and GHG calculation spreadsheets. The project's security context (illegal armed groups, coca production) adds operational risk and has limited transparency of the verification process.
Red Flags
- Risk of double counting/claiming due to overlap with grouped project 2298 identified in the 2024 verification report; a Forward Action Request was raised but the overlap has not been definitively resolved.
- 33 VCS nonconformity reports and 9 CCB NCRs were identified in the verification cycle, including missing GHG calculation formulae, ineligible areas in KML files, and incomplete biodiversity monitoring — all reportedly closed but indicating systemic documentation weaknesses.
- The project did not undergo a CCB verification public comment period prior to verification, a procedural compliance gap.
- Security concerns (illegal armed groups, coca production) limited communication of the verification process and are not fully reflected in the project risk section.
- Buffer pool percentage is inconsistent across documents: 10% in the 2019 verification report versus 14% in the 2015 validation report.
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2013 | 225,935 | 211,441 | 14,494 | |
| 2014 | 149,359 | 107,702 | 41,657 | |
| 2015 | 366,210 | 360,404 | 5,806 | |
| 2016 | 364,715 | 364,715 | 0 | |
| 2017 | 364,162 | 312,134 | 52,028 | |
| 2019 | 180,000 | 0 | 180,000 | |
| Total | 1,650,381 | 1,356,396 | 293,985 |
Risk Indicators
Combined test, VVB-confirmed
Buffer pool present, no reversals, but security and NCR risks
20% quantified deduction
Project-specific, reassessment timing not stated
FPIC and grievance present, but extensive CCB findings and security opacity
CORSIA/CCP not stated; overlap risk with project 2298
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