Ceará Renewable Energy Project, Brazil

Audit Analysis

The Ceará Renewable Energy Project is a Gold Standard biomass-based avoidance project that has undergone multiple verification cycles with extensive data corrections. While additionality is VVB-confirmed and a 20% buffer pool provides permanence protection, the project is burdened by 14 cross-document contradictions, a very large volume of material findings (typos, unit-conversion errors, inconsistent production and biomass data), and a significant shift in leakage treatment from a quantified deduction to a zero-percentage 'deemed negligible' claim. The project delivered roughly 149% of its PDD-estimated reductions for the monitoring period, indicating under-crediting, but the data-quality history raises residual confidence concerns.

Project Description

Red Flags

• ⚠Leakage treatment changed from a quantified deduction of 24,403 tCO2e (2012 monitoring report) to 0% 'deemed negligible' (2022 verification report) with no documented justification for the change
• ⚠fNRB value shifted from 0.9943 (local field measurement, PDD 2011) to 0.8958 (national default, 2022 verification), materially altering the baseline without a clear methodological bridge
• ⚠14 cross-document contradictions across leakage, ERR, fNRB, additionality test type, FPIC, safeguards, grievance mechanism, and crediting period dates
• ⚠Extensive material findings including unit-conversion errors (mst to m³), production data typos across multiple ceramics and months, and a 58% arbitrary production allocation for Ceagra Ceramic kilns
• ⚠Usage rate of 0.69 is assumed but never independently verified; monitoring relies on self-reported data

Credit Vintages

No issuances recorded on the registry.

Il marketplace dichiara i vintage: 2017, 2018, 2019 (non verificato).