CO2OL Tropical Mix

Audit Analysis

The Tropical Mix A/R project in Panama has a VVB-confirmed additionality assessment and a 20% buffer pool, but suffers from a 0% leakage deduction that is inconsistent with its earlier 5% figure, reversal events that are explicitly 'not addressed' in the most recent verification, and a project-specific baseline last reassessed in 2019. The extracted record contains significant data-quality issues, including material findings and corrective actions that appear to originate from a different (cookstove) project, which undermines confidence in the merged dataset. CORSIA eligibility is marked as true in the 2024 verification report but is contradicted by material findings referencing scale-threshold compliance issues, leaving the dual-channel risk unresolved.

Project Description

Red Flags

• ⚠Reversal events are explicitly 'not addressed' in the 2025 verification report, despite a 2019 area-size error that reduced project boundaries — a material permanence gap for an A/R project
• ⚠Leakage deduction dropped from 5% (2024 verification) to 0% (2025 verification) with only a 'quantified' justification label, with no quantified leakage figure provided in the extracted record
• ⚠CORSIA eligibility is marked true in the 2024 verification report, yet material findings state 'Issued GSVERs will not be marked CORSIA eligible until further notice due to scale threshold compliance issues' — a direct contradiction that leaves dual-channel risk unresolved
• ⚠Material findings and corrective actions in the merged record include references to cookstove-specific items (TMIX templates, ICS thermal efficiency, BCSIR certificates, pot commercial ICS), indicating data from a different project has been mixed into this project's record
• ⚠Usage rate is assumed at 0.95 but no verified usage rate is available in any document, and end-use tracking is not stated

Credit Vintages