GER Recycled PP Project

Audit Analysis

The GER Recycled PP Project is a VCS-registered plastic waste recycling project in China with VVB-confirmed additionality and inherently low permanence risk, but it relies on a project-specific baseline, lacks a stated buffer pool, and carries several documentation quality issues including four corrective actions and a grid emission factor discrepancy between the PDD and validation report. Verified credits for the first monitoring period represent roughly 77% of the pro-rata expectation, indicating conservative delivery.

Project Description

Red Flags

• ⚠Grid emission factor differs between the PDD (0.5896, May 2023) and the validation report (0.52455, Dec 2023); the lower value in the validation report slightly inflates net credits relative to the original PDD assumption.
• ⚠Four corrective actions were required at verification, including a missing investment analysis sheet and incomplete monitoring plan parameters, indicating documentation quality gaps at the time of verification.
• ⚠A material finding flagged the need for a clear double-claiming declaration procedure in the joint PD-MR, raising residual risk of overlapping claims with other crediting mechanisms.
• ⚠No buffer pool percentage is stated in the available documents, leaving permanence risk unquantified despite the project's inherently low reversal profile.

Credit Vintages

No issuances recorded on the registry.