Eyri
#26of 80 in ARR (afforestation)#2of 17 in IS#42of 154 in Intl. Carbon Registry (ICR)
Audit Analysis
The Eyri afforestation project in Iceland is a new 50-year sequestration project with VVB-verified additionality and a 20% buffer pool, but its validation report lists seven material findings including NPV calculation errors and inconsistent project maps, indicating significant documentation weaknesses. No monitoring data exists yet, and the project-specific baseline with a thin 0% leakage justification limits confidence in the 29,187-tonne lifetime claim.
Red Flags
- Seven material findings in the validation report, including NPV calculation errors and inconsistent plot demarcation between the afforestation plan, vegetation map, and construction permit
- FPIC explicitly not conducted and no grievance mechanism documented, despite safeguards being mentioned
- Leakage deduction of 0% justified only as 'deemed negligible' with no quantified analysis for a 50-year afforestation project
- No verified ERR data available; the 29,187-tonne figure is entirely ex-ante with no monitoring period to confirm delivery
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2028 | 233 | 0 | 233 | |
| 2029 | 238 | 0 | 238 | |
| 2030 | 247 | 0 | 247 | |
| 2031 | 256 | 0 | 256 | |
| 2032 | 265 | 0 | 265 | |
| 2033 | 276 | 0 | 276 | |
| 2034 | 289 | 0 | 289 | |
| 2035 | 303 | 0 | 303 | |
| 2036 | 318 | 0 | 318 | |
| 2037 | 338 | 0 | 338 | |
| 2038 | 359 | 0 | 359 | |
| 2039 | 384 | 0 | 384 | |
| 2040 | 412 | 0 | 412 | |
| 2041 | 445 | 0 | 445 | |
| 2042 | 484 | 0 | 484 | |
| 2043 | 526 | 0 | 526 | |
| 2044 | 578 | 0 | 578 | |
| 2045 | 635 | 0 | 635 | |
| 2046 | 700 | 0 | 700 | |
| 2047 | 776 | 0 | 776 | |
| 2048 | 855 | 0 | 855 | |
| 2049 | 943 | 0 | 943 | |
| 2050 | 1,033 | 0 | 1,033 | |
| 2051 | 1,122 | 0 | 1,122 | |
| 2052 | 1,205 | 0 | 1,205 | |
| 2053 | 1,277 | 0 | 1,277 | |
| 2054 | 1,330 | 0 | 1,330 | |
| 2055 | 1,363 | 0 | 1,363 | |
| 2056 | 1,372 | 0 | 1,372 | |
| 2057 | 1,357 | 0 | 1,357 | |
| 2058 | 1,319 | 0 | 1,319 | |
| 2059 | 1,266 | 0 | 1,266 | |
| 2060 | 1,201 | 0 | 1,201 | |
| 2061 | 1,131 | 0 | 1,131 | |
| 2062 | 1,058 | 0 | 1,058 | |
| 2063 | 988 | 0 | 988 | |
| 2064 | 922 | 0 | 922 | |
| 2065 | 864 | 0 | 864 | |
| 2066 | 810 | 0 | 810 | |
| 2067 | 762 | 0 | 762 | |
| 2068 | 719 | 0 | 719 | |
| 2069 | 681 | 0 | 681 | |
| 2070 | 647 | 0 | 647 | |
| 2071 | 616 | 0 | 616 | |
| 2072 | 590 | 0 | 590 | |
| Total | 33,493 | 0 | 33,493 |
Risk Indicators
VVB-verified combined test
20% buffer, no reversals, risks mitigated
0% deduction, thin justification
Project-specific, no reassessment date
Mentioned but FPIC not conducted, no grievance mechanism
CORSIA and CCP status not stated
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