CTR Agreste Landfill Gas

Audit Analysis

The CTR Agreste Landfill Gas project has confirmed additionality and a named VVB, but the verification process surfaced over 28 material findings and 13 corrective actions, including inconsistencies in ER calculations, a questioned MCF value, and unresolved clarification on the passive capture system. The 0% leakage deduction with a 'deemed negligible' justification is inconsistent with an earlier appendix describing leakage as 'quantified,' and the project delivered only ~73% of the pro-rata ex-ante expectation for the elapsed monitoring period. CORSIA eligibility without a stated CCP status introduces dual-channel risk.

Project Description

Red Flags

• ⚠28+ material findings and 13 corrective actions in the verification report, including ER spreadsheet formula inconsistencies, a questioned MCF value of 1.0, and unresolved clarification on the passive capture system versus the new collection system
• ⚠Leakage justification contradicts itself across documents: the 2026 verification report states 'deemed negligible' while a 2025 appendix describes leakage as 'quantified', yet the deduction is 0%
• ⚠Crediting period dates differ between the verification report (2023-09-28 to 2028-09-27) and the monitoring report (2023-01-01 to 2027-12-31), creating ambiguity about the actual project duration
• ⚠Project delivered approximately 73% of the pro-rata ex-ante expectation for the 18-month monitoring period (90,904 vs ~124,163 expected), suggesting potential over-crediting in the ex-ante estimate or under-performance
• ⚠CORSIA-eligible with CCP status not stated, creating dual-channel allocation risk

Credit Vintages