Combined Cycle at Loma de la Lata Thermo Unit Project
#5of 18 in Argentina#529of 1459 in CDM (UNFCCC)#2of 8 in ACM0007
Audit Analysis
A CDM energy-efficiency project in Argentina verified by TÜV NORD CERT with a solid combined additionality test and on-target pro-rata delivery (~100% of expectation). However, the project-specific baseline, absence of a stated leakage deduction figure, missing safeguards detail (no FPIC or grievance mechanism), and a 25% discrepancy between the PDD and monitoring-report ERR estimates limit confidence in the credit's robustness.
Red Flags
- ERR discrepancy of ~25% between the PDD (693,735 tCO₂e) and the 2025 monitoring report (868,542 tCO₂e) is unexplained in the extracted record
- Leakage is described as 'quantified' in the 2025 monitoring report but no specific deduction percentage or tonnage is stated in any available document
- No FPIC, grievance mechanism, or benefit-sharing arrangement is documented despite safeguards being mentioned
- Grid emission factor changed from 0.635 (2022 monitoring report) to 0.563 (2025 monitoring report) without a clear explanation in the extracted record
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2015 | 305,155 | 0 | 305,155 | |
| 2023 | 1,644,505 | 0 | 1,644,505 | |
| Total | 1,949,660 | 0 | 1,949,660 |
Risk Indicators
VVB-confirmed combined test
mixed evidence / unresolved risk
Quantified but no deduction stated
Project-specific, no reassessment date
Mentioned but no FPIC or grievance detail
CORSIA and CCP status not stated
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