Bosques del Uruguay Afforestation through High Quality Timber in Grasslands Project
#65of 261 in Soil carbon#7of 15 in Uruguay#578of 1339 in Verra (VCS)#27of 97 in AR-ACM0003
Audit Analysis
A VCS-registered afforestation project in Uruguay with VVB-confirmed additionality, a 10% buffer pool, and no reported reversal events, but weakened by a project-specific baseline with an unrecorded reassessment date, contradictory leakage justifications across documents, and a 21.8% upward revision of the lifetime estimate during verification. The ERR figures are internally consistent (claimed vs. verified within 0.2%), and the monitoring period covers roughly the first rotation of a 60-year crediting period.
Red Flags
- FPIC status is contradictory: the verification report (Apr 2023) confirms FPIC was conducted, while an appendix (Dec 2022) records it as not conducted — the more recent VVB document is privileged, but the inconsistency undermines confidence in free, prior, and informed consent.
- Baseline reassessment date is not recorded in any available document; the project started in May 2012, making the 10-year VCS ALM reassessment due by May 2022, yet no reassessment date appears in the extracted record.
- Leakage justification is inconsistent: the verification report (2023) states leakage was 'quantified' while the monitoring report (2022) describes it as 'deemed negligible,' both supporting a 0% deduction.
- The lifetime total avoidance was revised upward by approximately 21.8% (from 689,950 to 840,209 tCO2e) during the verification cycle due to area and parameter changes, raising questions about the robustness of the original ex-ante estimate.
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2013 | 7,899 | 7,899 | 0 | |
| 2014 | 17,023 | 17,023 | 0 | |
| 2015 | 14,533 | 14,533 | 0 | |
| 2016 | 10,545 | 765 | 9,780 | |
| 2017 | 2,000 | 0 | 2,000 | |
| 2018 | 26,022 | 24,022 | 2,000 | |
| 2019 | 165,300 | 136,357 | 28,943 | |
| 2020 | 64,240 | 62,239 | 2,001 | |
| 2021 | 4,000 | 0 | 4,000 | |
| Total | 311,562 | 262,838 | 48,724 |
Risk Indicators
VVB-confirmed but test type unspecified
10% buffer pool, no reversals, 10% risk rating
0% deduction, contradictory justification across docs
Project-specific, reassessment date not recorded
FPIC and grievance confirmed but FPIC contradicted in appendix
CORSIA and CCP status not stated in available documents
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