Mahogany Plantation in India

Audit Analysis

A small-scale (18.56 ha) mahogany plantation project in Maharashtra, India, with a solid additionality assessment (combined test confirmed by the VVB) and a 12% buffer pool, but hampered by a project-specific baseline, a 46% gap between claimed and verified emissions reductions for the first monitoring period, and several unresolved documentation gaps (CORSIA/CCP status, usage monitoring). The young age of the plantation (trees planted December 2020) explains the low absolute carbon stocks but does not fully reconcile the over-claiming relative to the proponent's own period estimate.

Project Description

Red Flags

• ⚠Verified ERR (4,280 tCO₂e) is only 53.6% of the proponent's claimed figure (7,981 tCO₂e) for the same monitoring period, indicating a 46% over-claim
• ⚠The PDD states a lifetime ERR of 230,982 tCO₂e while the validation report cites 7,981 tCO₂e — a 29× discrepancy that, while likely reflecting different scopes (lifetime vs. period), signals inconsistent reporting across documents
• ⚠One Forward Action Request remains open: the project must still assess a mechanism for covering the opportunity cost of land after the Land Tenure Agreement is reached
• ⚠CORSIA eligibility and CCP status are not stated in any available document, leaving dual-channel risk unassessed

Credit Vintages