Exomad Green, Riberalta

Audit Analysis

The Exomad Green biochar project in Bolivia demonstrates verified additionality and appropriate safeguards (FPIC, grievance mechanism), but the verification process uncovered 19 material findings including multiple calculation errors, a 139.76 CORC soil-temperature overcalculation, and a near-doubling of the verified ERR between the initial and final verification reports. Leakage is entirely unaddressed, no buffer pool is documented, and the project-specific baseline lacks a stated reassessment date, collectively undermining confidence in the integrity and safety of the claimed credits.

Project Description

Red Flags

• ⚠19 material findings identified in the verification report, including a 139.76 CORC overcalculation from an incorrect soil temperature value and a 14.83 CORC double-counting error in biomass and production emissions
• ⚠Verified ERR more than doubled between the initial verification (5,068.47 CORCs, Feb 2026) and the final verification (10,835.61 CORCs, Apr 2026) for the same 26-day monitoring period, indicating a fundamental calculation error in the initial report
• ⚠Leakage is not addressed at all in the available documents, with no deduction or justification provided for a biochar project where displaced carbon sequestration is a plausible pathway
• ⚠No buffer pool percentage is documented, leaving no quantified safeguard against potential carbon re-mobilization from the biochar
• ⚠Used lubricants and greases are accumulating on site pending disposal, flagged as a recurring environmental concern across multiple material findings

Credit Vintages Exhausted