Land Life Reforestation and Restoration of Degraded Land in Spain - B
#122of 261 in Soil carbon#1of 5 in Spain#868of 1339 in Verra (VCS)#47of 97 in AR-ACM0003
Audit Analysis
A VCS-registered reforestation project in Spain with VVB-verified additionality and a 14% buffer pool, but hampered by the absence of any monitoring data, a project-specific baseline, a thin 0% leakage justification, and an explicitly flagged double-counting risk with the EU LULUCF regulation. Multiple material findings and corrective actions from the validation process, along with contradictions between the PDD and the validation report, reduce confidence in the robustness of the underlying claims.
Red Flags
- Double-counting risk with the EU LULUCF regulation is explicitly flagged in the corrective actions list, raising the possibility that the same carbon stocks are being claimed under both VCS and EU accounting.
- No monitoring reports or verified emission reduction figures are present in the extracted record; the 81,556 tCO₂e figure is solely an ex-ante lifetime estimate with no field-verified counterpart.
- The ex-ante calculation period is inconsistent between documents (40 vs 42 years), as noted in the corrective actions, undermining confidence in the claimed total.
- Leakage deduction is 0% with only a 'deemed negligible' justification, which is thin for a reforestation project where displaced land-use change is a plausible pathway.
Credit Vintages
No issuances recorded on the registry.
Risk Indicators
Combined test, VVB-confirmed
14% buffer, no reversals
0% deduction, thin justification
Project-specific, not yet due for reassessment
FPIC and grievance present, gaps noted
EU LULUCF risk flagged; CORSIA/CCP unconfirmed
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