LOW CARBON AAC BLOCKS PROJECT BY MAGICRETE
#305of 975 in India#352of 1339 in Verra (VCS)#2of 10 in AMS-III.Z
Audit Analysis
A VCS-registered manufacturing project (low-carbon AAC blocks) in India with a VVB-confirmed investment additionality test and a standardised methodology (AMS III Z v6.0). The project's inherent permanence risk is low given its manufacturing nature, but several transparency gaps remain: the leakage deduction percentage is not stated, the claimed and verified ERR figures are identical (364,410 tCO₂e), and multiple operational parameters (usage rate, energy source, feedstock sustainability) are absent from the extracted record. Four contradictions between the PDD and the validation/monitoring reports introduce moderate data-reliability concerns.
Red Flags
- Claimed and verified ERR are identical (364,410 tCO₂e), suggesting the 'verification' may simply restate the ex-ante estimate rather than reflect independent measurement
- Leakage is described as 'quantified' in the monitoring report, yet the actual deduction percentage is not stated in any available document
- FPIC status is contradictory: the PDD claims FPIC was conducted, while the validation report (TÜV SÜD, 2025-08-26) records it as not conducted
- Four CARs and eight CLs were raised during validation, indicating initial documentation quality issues (all subsequently closed)
Credit Vintages
No issuances recorded on the registry.
Risk Indicators
VVB-confirmed investment test
Manufacturing – no storage risk
Quantified but % not stated
Project-specific, no reassessment date
Grievance present, FPIC not conducted
CORSIA/CCP status not stated
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