Leroy Concord Forest Carbon Offsets
#35of 345 in United States#18of 59 in City Forest Credits (CFC)
Audit Analysis
Hemlock Ridge Forest is a 40-year urban tree preservation project under the City Forest Credits standard with a VVB-confirmed additionality test, a 10% reversal buffer, and a quantified 18.3% leakage deduction. The project-specific baseline and the absence of stated FPIC, grievance mechanism, and CORSIA/CCP eligibility create moderate uncertainty. No material findings or corrective actions were reported, and ERR figures are internally consistent across documents.
Red Flags
- Contradiction on reversal events: the verification report (Feb 2024) states reversals were 'not addressed' while the validation report (Mar 2024) reports 'none reported'; the 10% reversal pool (4,130 credits) mitigates but does not fully resolve the ambiguity
- Project-specific baseline with no stated reassessment date, limiting confidence in long-term (40-year) baseline validity
- FPIC and grievance mechanism are not documented in the extracted record, leaving community safeguards unverified
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2024 | 9,640 | 0 | 9,640 | |
| 2025 | 9,640 | 0 | 9,640 | |
| 2026 | 9,640 | 0 | 9,640 | |
| Total | 28,920 | 0 | 28,920 |
Risk Indicators
VVB-confirmed combined test
reversal reporting inconsistent
18.3% quantified deduction
Project-specific; reassessment date not stated
Safeguards mentioned; FPIC and grievance mechanism not documented
CORSIA and CCP status not stated
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