Floresta Verde REDD+ Project

Audit Analysis

The Floresta Verde REDD+ Project (VCS-1953) is a 30-year Brazilian forest conservation project with VVB-confirmed additionality and a buffer pool in place, but it carries notable gaps in leakage treatment and reversal-event reporting. The project delivered approximately 122% of its pro-rata expected emissions reductions for the first monitoring period, indicating no over-crediting. Multiple contradictions between the PDD, validation report, and monitoring reports—particularly on leakage and reversal events—warrant caution.

Project Description

Red Flags

• ⚠Leakage treatment is contradictory: the validation report (2020) states leakage was quantified, but the most recent monitoring report (2020) records it as 'not addressed,' and no deduction percentage is stated in any document.
• ⚠Reversal events are described as 'not addressed' in the 2020 monitoring report, despite a buffer pool of 11.75% being in place; the 2017 monitoring report reported no reversals, but the more recent document does not confirm this.
• ⚠17 corrective actions were required per the verification report, indicating unresolved compliance or data-quality issues at the time of verification.
• ⚠The PDD lists two different lifetime ERR figures (7,749,856 in the 2020 revision vs. 10,224,000 in the 2019 version), a 32% discrepancy that is not explained in the extracted record.

Credit Vintages