Lianyuan LFG Power Generation Project

Audit Analysis

The Lianyuan LFG power generation project has a VVB-confirmed additionality assessment and consistent ERR figures (claimed equals verified at 53,799 tCO₂e for the 2022–2024 period), but the 0% leakage deduction is supported only by a 'not addressed' justification in the verification report, and three material findings in the monitoring report required corrective action. The project-specific modeled baseline and several missing parameters (FNRB method, usage monitoring, buffer pool) limit confidence in the credit's robustness.

Project Description

Red Flags

• ⚠Leakage deduction of 0% with justification recorded as 'not addressed' in the verification report (2024-10-14), while the monitoring report (2024-10-12) claims it was 'deemed negligible' — the VVB's own assessment is the weaker of the two
• ⚠Three material findings in the monitoring report (missing validation date, missing SDG indicators, missing ex-ante parameters, and an inconsistency in parameter OX) triggered two corrective actions from the VVB
• ⚠FPIC status contradicts between the PDD (not conducted) and the verification report (conducted); the PDD predates the verification, but the discrepancy is unexplained
• ⚠FNRB method, usage monitoring method, and buffer pool percentage are all absent from the extracted record, leaving key MRV parameters unverified

Credit Vintages