BAKA ROKARIRE ~IA TIR+~DITO

Audit Analysis

A Colombian REDD+ project with VVB-confirmed additionality and a 15% buffer pool, but undermined by an unaddressed permanence concern ('No permanencia'), inconsistent leakage treatment across documents, and a baseline method contradiction between the validation and verification reports. The project delivered only ~55% of its pro-rata ex-ante expectation for the 2018–2020 monitoring period, and numerous community documentation gaps required corrective action.

Project Description

Red Flags

• ⚠Permanence explicitly stated as 'No permanencia' in the verification report while reversal events are marked as not addressed — a critical gap for a REDD+ project
• ⚠Leakage deduction of 0% with the verification report stating the issue was 'not addressed' while the monitoring report claims it was 'deemed negligible' — no consistent justification across documents
• ⚠Baseline method contradicted between the validation report (national default) and the verification report (jurisdictional), both dated 2022-02-11
• ⚠Verified ERR (1,307,794 tCO2e at issuance) is only ~55% of the pro-rata ex-ante expectation (~2,358,655 tCO2e for 3 of 20 years), raising questions about the accuracy of the lifetime estimate
• ⚠Numerous corrective actions (28+) related to community documentation, ERR corrections, and Taraira community registration gaps
• ⚠Leakage not addressed in project documentation

Credit Vintages