Jubilación Segura : Agroforestry And Reforestation With Smallscale Farmers in Peru

Audit Analysis

This VCS agroforestry/reforestation project in Peru has a reputable VVB (TÜV Süd) and a 15% buffer pool, but a 22,136 tCO2e loss event, an overlapping area with another registered VCS project, and 24 corrective action requests during verification raise meaningful integrity and double-counting concerns. The project-specific baseline, 0% leakage deduction, and unresolved FNRB methodology contradiction limit claim safety. Documentation is extensive (28 sources, high extraction confidence) and the most recent verification (March 2025) is current.

Project Description

Red Flags

• ⚠A loss event of 22,136 tCO2e occurred during the monitoring period, indicating real reversal risk despite the 15% buffer pool
• ⚠Overlapping parcels with another VCS-registered project (ID 0796) were identified, creating a double-counting risk that required resolution
• ⚠24 Corrective Action Requests were issued and closed during verification, including gaps in CH4/N2O boundary inclusion, allometric equation justification, and ex-ante vs ex-post ERR comparison
• ⚠Baseline reassessment timing is not stated in available documents; the 10-year interval from the 2010 project start would have been due around 2020, and no reassessment is confirmed
• ⚠Leakage deduction is 0% despite the project type (agroforestry/reforestation) where displacement of existing land uses is plausible

Credit Vintages