Pengmai Composting Project in Fangcheng County
#14of 1329 in Industrial#51of 1084 in China#59of 1339 in Verra (VCS)#1of 43 in AMS-III.F
Audit Analysis
The Pengmai Composting Project is a VCS AMS-III.F project in China with a VVB-confirmed investment additionality test, no material findings, and no reversal events. The first monitoring period delivered approximately 95% of the pro-rata ex-ante expectation, indicating reasonable credit delivery. However, the project-specific baseline, absence of explicitly documented buffer pool details, and missing CORSIA/CCP eligibility data introduce moderate uncertainty.
Red Flags
- Baseline is project-specific rather than jurisdictional or standardised, increasing sensitivity to local assumptions
- CORSIA eligibility and CCP status are not stated in any available document, leaving dual-channel risk unassessed
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2020 | 4,529 | 0 | 4,529 | |
| 2021 | 54,499 | 0 | 54,499 | |
| 2022 | 36,464 | 683 | 35,781 | |
| Total | 95,492 | 683 | 94,809 |
Risk Indicators
VVB-confirmed investment test
No reversals
0% deduction, quantified justification
Project-specific, measured; not yet due for reassessment
Grievance mechanism present; FPIC not stated
CORSIA and CCP status not stated
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