Joao Bravo REDD+ Project

Audit Analysis

The Joao Bravo REDD+ project demonstrates solid additionality (combined test confirmed by the VVB), a reasonable 11.7% buffer pool, and no reversal events over a five-year monitoring period. However, significant contradictions between the validation and monitoring reports on the ex-ante lifetime estimate (a 55% gap) and the baseline method undermine confidence in the underlying data. The project over-delivered relative to its pro-rata expectation, which is reassuring, but several key parameters (leakage deduction percentage, FNRB, CORSIA/CCP status) remain unquantified in the available record.

Project Description

Red Flags

• ⚠The ex-ante lifetime ERR differs by 55% between the validation report (18.98 M tCO₂e) and the monitoring report (29.37 M tCO₂e), creating material uncertainty about the true credit ceiling.
• ⚠The baseline method is described as 'project-specific' in the monitoring report but 'jurisdictional' in the validation report, and no baseline reassessment date is recorded in any document.
• ⚠24–27 Corrective Action Requests were raised during validation and verification, indicating recurring documentation or methodological issues that had to be remediated.

Credit Vintages