Longhai New Hope manure management project

Audit Analysis

The Longhai New Hope manure management project is a VCS-registered biogas project (ACM0010) with a VVB-confirmed investment additionality test, but the verification report identified eight material findings—several involving errors in the additionality cash-flow analysis (land cost exclusion, depreciation treatment, tax calculations). The project-specific modeled baseline and absence of a stated buffer pool or quantified leakage percentage introduce moderate integrity and over-crediting risk, while the verified ERR for the first monitoring period is broadly consistent with the pro-rata ex-ante expectation.

Project Description

Red Flags

• ⚠Eight material findings in the verification report, including incorrect ex-ante ER values, mislabeled additionality option, and unjustified exclusion of land cost from project-case cash outflow
• ⚠Leakage is described as 'quantified' in the justification field but no actual deduction percentage is stated in any available document
• ⚠Contradiction in ERR figures between the monitoring report (124,900 tCO2e) and an appendix (1,135,960 tCO2e) requires clarification of whether the latter is a lifetime ex-ante estimate

Credit Vintages Exhausted