ECOERA Millennium 1 Hammenhög Skånefrö

Audit Analysis

A Swedish biochar removal project with a confirmed investment-test additionality and a 9% buffer pool, but the verification report (Nov 2025) identified eight material findings including calculation errors, data-management gaps, and the auditor's inability to independently recalculate CO₂ removal. The ERR figure was corrected downward from 2,172 to 113.54 tCO₂ between two verification reports, and the permanence claim is contradicted (100 vs 1,000 years). These issues, combined with the absence of any stated leakage treatment and a project-specific baseline, place the project in a moderate-risk category.

Project Description

Red Flags

• ⚠The verification report (2025-11-04) lists eight material findings, including errors in CORC calculation formulas, biochar moisture-content input, sales-period boundaries, and the auditor's inability to independently calculate CO₂ removal due to 'sophisticated LCA templates'.
• ⚠The verified ERR dropped from 2,172 tCO₂ (verification report, 2024-09-19) to 113.54 tCO₂ (verification report, 2025-11-04) — a ~95% reduction — indicating the initial claim was substantially overstated before correction.
• ⚠Permanence claim is contradicted: 100 years in the 2024 verification report versus 1,000 years in the 2020 issuance document.
• ⚠No leakage deduction or leakage justification is stated in any available document, despite biochar production involving feedstock sourcing and transport where displacement is plausible.
• ⚠Twelve corrective actions were required, including the need to use actual metered electricity data instead of nominal manufacturer output in future periods.

Credit Vintages Exhausted