Carbono Verde Afforestation Project

Audit Analysis

The Carbono Verde Afforestation Project has verified additionality and no reported reversals, but is undermined by 26 corrective action requests during verification, a 0% leakage deduction justified only as 'deemed negligible,' and a pro-rata delivery of roughly 50% of the lifetime ex-ante expectation for the elapsed monitoring period. Multiple contradictions across documents—particularly in the ex-ante lifetime estimate (16 M vs 40 M tCO₂e), crediting period length, and baseline method—raise material concerns about data reliability. The low extraction confidence and numerous null fields further limit the ability to confirm the project's claims.

Project Description

Red Flags

• ⚠26 corrective action requests raised during verification, including hard-coded volume data, missing land-use and forest-cover maps, and inconsistencies in project area across sections of the monitoring report
• ⚠Ex-ante lifetime estimate revised upward by 150% (from 16.1 M to 40.3 M tCO₂e) between the PDD (2020) and the monitoring report (2023), while the crediting period was simultaneously extended from 20 to 30 years
• ⚠Pro-rata delivery for the 7-year monitoring period is only ~50% of the lifetime ex-ante expectation (4.74 M verified vs 9.41 M expected), indicating significant under-delivery or an overly optimistic ex-ante estimate
• ⚠Leakage deduction of 0% justified solely as 'deemed negligible' with no quantified analysis, in an afforestation project where displacement of natural vegetation is a plausible risk
• ⚠Min extraction confidence rated 'low', meaning at least one key document was poorly readable, reducing confidence in the extracted data

Credit Vintages