Lake County Forest Carbon Offsets
#26of 345 in United States#11of 59 in City Forest Credits (CFC)
Audit Analysis
The Old Mill Forest Preservation Project is a 40-year urban tree preservation credit under the City Forest Credits protocol with a VVB-confirmed combined additionality test, a 10% buffer pool, and a quantified 18.3% leakage deduction. Key MRV parameters (FNRB method, usage monitoring) are not stated in the available documents, and a minor contradiction exists between the verification and validation reports on reversal events. Overall a moderately robust project with some transparency gaps.
Red Flags
- Contradiction between verification report (reversal events 'not addressed') and validation report ('none reported') — the verification report is privileged as the more authoritative performance document, but the inconsistency warrants clarification
- FNRB method and value are not stated in any available document, preventing independent verification of the carbon quantification basis
- Project-specific baseline with no stated reassessment date — while not yet overdue under CFC rules, the absence of a documented reassessment schedule is a gap
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2024 | 5,699 | 0 | 5,699 | |
| 2025 | 632 | 750 | -118 | |
| Total | 6,331 | 750 | 5,581 |
Risk Indicators
VVB-confirmed combined test
minor reversal documentation gap
18.3% quantified deduction
Project-specific; reassessment timing not stated
Safeguards and benefit sharing mentioned; FPIC and grievance mechanism not stated
CORSIA and CCP status both not stated
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