Gazisehir LFG Utilization Project

Audit Analysis

The Gazişehir LFG project has a VVB-confirmed additionality assessment and no reversal events, but suffers from a significant over-crediting signal (verified ERR equals the full lifetime ex-ante estimate within a single monitoring period), contradictory leakage justifications across documents, and a large number of unresolved corrective actions. Key parameters such as FNRB, usage rates, and buffer pool allocation are absent from the extracted record, limiting confidence in the credit quantity.

Project Description

Red Flags

• ⚠Verified ERR of 538,985 tCO₂e equals the entire lifetime ex-ante estimate, representing approximately 177% of the pro-rata expectation for the 2.83-year monitoring period within a 5-year crediting period — a strong over-crediting signal.
• ⚠Contradiction between the verification report (leakage 'quantified') and the monitoring report (leakage 'deemed negligible') for the same 0% deduction, undermining confidence in the leakage treatment.
• ⚠A second ERR figure of 1,467,881 tCO₂e appears in an unidentified document, creating ambiguity about the true lifetime ex-ante estimate.
• ⚠FPIC was not conducted, and 24 corrective actions remain open, including unverifiable investment costs and an unexplained negative equity IRR of −7%.

Credit Vintages