CAAPII REDD+ PROJECT
#187of 261 in Soil carbon#159of 211 in Brazil#1135of 1339 in Verra (VCS)#22of 29 in VM0015
Audit Analysis
The CAAPII REDD+ project is a VCS-registered Brazilian forestry project with a 10% buffer pool and no reported reversals, but the verification report lists 28 material findings and 26 corrective actions covering baseline representativeness, carbon stock estimation, leakage calculation, and double-counting risk. The project delivered roughly 53% of its pro-rata ex-ante expectation for the monitoring period, indicating conservative crediting, yet public comments question whether credit rates (8.5–14 VCU/ha/yr) are consistent with neighboring projects (2.3–5 VCU/ha/yr). Overall, the project's integrity is undermined by the volume and severity of unresolved methodological concerns.
Red Flags
- 28 material findings in the verification report, including inappropriate baseline carbon stock estimation, incorrect leakage estimation, and insufficient double-counting/claiming analysis
- 26 corrective actions required before the project can be considered fully compliant, spanning baseline, leakage, NPRT, stakeholder consultation, and data quality
- Public comments question credit calculation rates (8.5–14 VCU/ha/yr) as inconsistent with neighboring projects (2.3–5 VCU/ha/yr), raising over-crediting concerns
- Carbon fraction value was incorrectly set at 0.5 instead of the IPCC 2006 value of 0.47, requiring recalculation of emissions
- Inappropriate version of the Non-Permanence Risk Tool (NPRT) was used in the risk assessment
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2020 | 47,568 | 2,593 | 44,975 | |
| 2021 | 41,196 | 0 | 41,196 | |
| 2022 | 21,119 | 2,000 | 19,119 | |
| Total | 109,883 | 4,593 | 105,290 |
Risk Indicators
VVB-confirmed investment test
10% buffer, no reversals, but NPRT version flagged inappropriate
5% quantified deduction but estimation found incorrect by VVB
Project-specific baseline with representativeness concerns; reassessment timing not stated
FPIC conducted, grievance mechanism present, benefit sharing described
CORSIA and CCP status not stated; double-counting risk flagged as insufficiently addressed
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