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VCS Forestry Peru Vintage 2013 Registry: Registered Documentazione completa General Methodology v2.0

Cordillera Azul National Park REDD Project

VCS-985 ↗

5.7 / 10
Integrity
5.6
Transparency
6.5
Claim Safety
5.0
Documentation
6.0

Score Breakdown

Integrity

verified additionality confirmed by the VVB (monitoring report, 2022-07-11)

missing reported reversal event and multiple corrective action requests (monitoring report material findings and corrective actions)

Transparency

verified VVB named (Aster Global) and monitoring period provided (monitoring report, 2018–2020); many source documents available (validation, PDD, monitoring, issuance)

inferred uncertain: key numeric fields (total emissions claimed/verified, FNRB value) not stated in extracted record

Claim Safety

verified 10% AFOLU buffer pool deposit reported (monitoring report)

missing inconsistent leakage treatment across documents (PDD shows 20% leakage deduction; later validation/monitoring reports show 0%)

Documentation

verified extensive document set used (n_docs_used = 50; evidence includes validation, PDD, monitoring, issuance) and high extraction confidence

missing multiple CARs and corrective actions remain in the record, indicating outstanding issues to resolve

Detailed Analysis

Integrity

Additionality is confirmed by the independent verifier in the monitoring report (VVB: Aster Global) and the project uses the VM0007 methodology with a baseline last reassessed in 2020, which supports baseline validity. However, a reversal (deforestation infraction) was reported during the monitoring period and the record contains several corrective action requests and material findings (multiple CARs and CLs), which reduce confidence in robustness and permanence. Contradictory leakage treatments (0% vs 20%) further weaken integrity because they affect net credited removals.

Transparency

The verification and monitoring documentation is available and the VVB is identified; monitoring period is specified (2018-08-08 to 2020-12-31) and the monitoring report is recent (2022). Many documents were used (50) and extraction confidence is high, which supports transparency. Nonetheless, several key quantitative fields are missing from the extracted record (total emissions claimed/verified, FNRB, grid emission factors), limiting external auditability.

Claim Safety

There is a 10% AFOLU pooled buffer reported, which mitigates some reversal risk, but an actual reversal event was detected in this period and the project required corrective actions. Leakage justification is listed as quantified in the latest monitoring report, but older project documents and the PDD report a 20% leakage deduction; the inconsistency raises over‑crediting risk. CCP/CORSIA double-claim risk cannot be fully assessed because CORSIA eligibility is not stated.

Documentation

Documentation coverage is broad (validation report, PDD, monitoring report, issuance) and extraction confidence is high, with a large number of underlying documents. The monitoring report is from 2022 and baseline reassessment occurred in 2020, which is relatively recent. However, the verification record includes several CARs and a list of corrective actions that must be closed; presence of outstanding CARs reduces the documentation score.

Overall

I privileged the most recent and higher-priority documents for contradictions: where monitoring_report (2022-07-11) or validation_report (2023-04-14) conflict with older documents (PDD 2012, earlier monitoring reports), I treated the later validation/monitoring values as primary because they are nearer in time and intended to supersede older project descriptions. Specifically: - Leakage: privileged the validation/monitoring reports that report a 0% leakage deduction (validation_report, 2023-04-14) over the PDD's 20% because the validation is the more recent formal assessment; nonetheless the contradiction reduces score reliability. - Leakage justification: privileged 'quantified' from the 2022 monitoring report over 'not addressed' in 2012. - Usage monitoring: privileged 'annual_survey' in 2022 over earlier 'self_report'. - Reversal events: privileged the 2022 report that explicitly reports a reversal event over earlier documents that did not address reversals. - Buffer pool: privileged 10% reported in the monitoring report (2022) over an earlier unknown 0.1% value. - Additionality test type: privileged the combined test recorded in the 2022 monitoring report over an older 'investment' statement in 2018, but this inconsistency flags data reliability issues. These contradictions (especially leakage and additionality test differences) warranted lowering integrity and claim safety scores despite some positive controls (VVB confirmation, buffer). The final weighted overall score is moderate (5.7).

Audit Analysis

Project shows several credibility strengths (VVB-confirmed additionality, a 10% buffer deposit, documented monitoring) but also material findings and contradictions in key parameters (leakage deduction, reversal handling) that reduce confidence. Overall quality is moderate but not high; improvements and closure of corrective actions are needed to raise scores.

Project Description

The Cordillera Azul National Park REDD+ Project prevents deforestation across 1.35 million hectares of ecologically rich lowland and montane forests in central Peru. Operated through a public-private partnership, the project engages over 200 communities in conservation-compatible land use and sustainable development. With astounding biodiversity, including over 35 recently discovered new species, the park is a hub for scientific research and innovative forest protection strategies, serving as a global model for climate resilience and community-based conservation.

Red Flags

  • Reversal event (deforestation infraction) reported during the monitoring period and addressed in the report
  • Contradictory leakage treatments: earlier documents indicate a 20% deduction while a later validation report/monitoring report claims a 0% leakage deduction

Credit Vintages

Issued Retired Available
2008
5,743,711 4,575,212 1,168,499
2012
2,204,404 2,204,302 102
2013
2,293,197 2,230,087 63,110
2014
3,036,823 2,823,181 213,642
2015
3,667,145 2,018,903 1,648,242
2016
4,046,811 1,159,312 2,887,499
2017
4,577,386 1,120,991 3,456,395
2018
1,894,997 0 1,894,997
2019
4,737,495 0 4,737,495
2020
4,739,179 0 4,739,179
Total 36,941,148 16,131,988 20,809,160

Cosa migliorerebbe questo punteggio

  • Resolve all outstanding corrective actions/CARs and publish the verifier's closure statements
  • Fully reconcile and publicly document leakage treatment history (explain 20% → 0% change) and publish verified emissions claimed and verified totals

Questi suggerimenti indicano quali prove pubbliche aggiuntive potrebbero migliorare il livello di confidenza di questa valutazione. Non garantiscono un punteggio futuro più alto.

Risk Indicators

Additionality

VVB-confirmed

Permanence

buffer present, reversal reported

Leakage

inconsistent treatment

Baseline

project-specific baseline

Safeguards

FPIC and grievance present

Double-claim

CORSIA/CCP status unclear

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Analysis Provenance Scored 2026-04-23 General Methodology v2.0 Documentazione completa

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