Juruá REDD+ Project

Audit Analysis

The Juruá REDD+ Project is a VCS-registered avoidance project in Brazil with a VVB-verified investment additionality test, an 11% buffer pool, and a 10% quantified leakage deduction. However, the verification report records 29 clarification requests and 25 corrective actions, a sampling error that initially exceeded the 5% materiality threshold, and a resolved overlap with the Valparaiso project, all of which raise data-reliability concerns. The lifetime ERR estimate was revised downward by roughly 79% between the PDD and the validation report, and the first monitoring period delivered only about 11% of the pro-rata expectation derived from the original PDD figure.

Project Description

Red Flags

• ⚠29 clarification requests and 25 corrective actions raised during verification, including sampling error above the 5% materiality threshold and data inconsistencies between PD/MR tables and calculation spreadsheets
• ⚠Overlap with the Valparaiso VCS project was identified, creating a double-counting risk that required a Verra response to resolve
• ⚠Lifetime ERR estimate dropped from 1,937,742 tCO₂e (PDD, 2022) to 413,927 tCO₂e (validation report, 2025), a 79% reduction that undermines confidence in the original ex-ante modelling
• ⚠Reversal-events field is contradictory: the verification report (Aug 2025) marks it as 'not addressed' while the validation report (Jun 2025) states 'none reported'; the detail field indicates the AFOLU Non-Permanence Risk Tool was applied but the top-level field was left unresolved

Credit Vintages

No issuances recorded on the registry.