Dragonfly

Audit Analysis

Dragonfly is a Puro-registered biomass storage project in Namibia with a VVB-verified investment additionality test and a 5% permanence deposit, but it is undermined by five cross-document contradictions (notably on FPIC status and additionality test type), three material findings including a missing LCA report, and a leakage treatment that is only 'deemed negligible' without quantification. The verified ERR (1,049.6 tCO₂e) aligns closely with the claimed figure (1,051.4 tCO₂e), suggesting no material over-crediting, but the project's documentation gaps and unresolved contradictions limit confidence in its integrity claims.

Project Description

Red Flags

• ⚠FPIC contradiction: the verification report (Mar 2026) states FPIC was NOT conducted, while the issuance document (Mar 2026) states it WAS conducted — a direct conflict on a fundamental safeguard
• ⚠Three material findings in the verification report, including a missing LCA report and diesel usage logs, and unresolved clarification on emission-factor methodology
• ⚠Five contradictions across the PDD, verification report, and issuance document covering leakage treatment, additionality test type, crediting period dates, reversal events, and FPIC status
• ⚠Leakage is only 'deemed negligible' in the verification report and was not addressed at all in the PDD; no quantified deduction or detailed justification is provided

Credit Vintages Exhausted