Fujian Yong’An Improved Forest Management Project
#25of 99 in REDD+#288of 1084 in China#343of 1339 in Verra (VCS)#2of 10 in VM0010
Audit Analysis
The Fujian Yong'an Improved Forest Management Project has a VVB-verified investment additionality test, a 25% buffer pool, and no reported reversal events, but is currently On Hold in the VCS registry. Several contradictions between documents—particularly the buffer pool percentage (25% vs 18%) and the leakage justification (deemed negligible vs quantified)—introduce data-reliability concerns. The project-specific baseline and 0% leakage deduction, while plausible for improved forest management, warrant closer scrutiny.
Red Flags
- Registry status is On Hold with a notification letter, indicating an unresolved compliance or administrative issue
- Buffer pool percentage contradicts between the 2016 verification report (25%) and the 2022 monitoring report (18%), creating uncertainty about the actual permanence safeguard
- Leakage justification is inconsistent: the 2022 verification report states 'deemed negligible' while the issuance document (2022-06-07) records it as 'quantified'
- Corrective action CAR01 flags that a stratum is inconsistent with forest second-class investigation data, suggesting a potential baseline or monitoring boundary issue
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2011 | 26,180 | 26,180 | 0 | |
| 2012 | 52,222 | 52,222 | 0 | |
| 2013 | 52,519 | 52,519 | 0 | |
| 2014 | 52,814 | 10,000 | 42,814 | |
| 2015 | 53,111 | 10,000 | 43,111 | |
| 2016 | 55,041 | 21,940 | 33,101 | |
| 2017 | 56,971 | 0 | 56,971 | |
| 2018 | 57,294 | 0 | 57,294 | |
| 2019 | 57,618 | 0 | 57,618 | |
| 2020 | 57,941 | 44,342 | 13,599 | |
| 2021 | 28,893 | 0 | 28,893 | |
| Total | 550,604 | 217,203 | 333,401 |
Risk Indicators
VVB-verified investment test
Buffer pool present but pct contradicted (25% vs 18%)
0% deduction, justification inconsistent across docs
Project-specific baseline, reassessment timing not stated
FPIC, grievance mechanism, benefit sharing documented (2022)
CORSIA not eligible; CCP status not stated
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