Fujian Qingliu IFM (conversion of logged to protected forest) Project

Audit Analysis

The Fujian Qingliu IFM project has a 22% buffer pool and VVB-verified combined additionality, but is currently On Hold in the VCS registry and carries five material contradictions across its documents, particularly around leakage treatment (0% vs 20% vs 'deemed negligible') and reversal events. The project delivered roughly 73% of its pro-rata ex-ante expectation for the elapsed monitoring period, and seven corrective actions remain outstanding, including a non-permanence risk report that was not initially submitted.

Project Description

Red Flags

• ⚠Registry status is On Hold per the notification letter, meaning the project is not in good standing
• ⚠Leakage treatment is contradictory across documents: the PDD states 'deemed negligible' with 0% deduction, the monitoring report records 0%, while the verification report (most recent) applies a 20% quantified deduction
• ⚠Reversal events are reported in the monitoring report but stated as 'none reported' in the verification report — an unexplained discrepancy
• ⚠Seven corrective actions remain open, including submission of the non-permanence risk report, forest rights license documents, and merchantable biomass ratios
• ⚠The PDD lifetime ERR estimate (3,045,618 tCO₂e) is roughly 6.6× the monitoring-period claimed figure (458,528), and the verified figure (357,652) is only 73% of the pro-rata expectation, indicating moderate under-delivery

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