'Posco Uruguay' afforestation on degraded extensive grazing land

Audit Analysis

The Posco Uruguay afforestation project demonstrates solid additionality through a combined test confirmed by Bureau Veritas Brasil, and uses the CDM's lCER mechanism to address non-permanence risk. However, the project-specific baseline, a 0% leakage deduction justified only as 'deemed negligible,' and the complete absence of monitoring or verified ERR data in the available record limit confidence in the claimed 658.7 tCO₂e reductions. The documentation is confined to validation-era (2010) sources with low extraction confidence, leaving a significant evidence gap for a project whose crediting period runs to 2039.

Project Description

Red Flags

• ⚠No monitoring reports or verified ERR figures are present in the extracted record; the only ERR figure (658.714 tCO₂e) is a claimed value with no independent verification available
• ⚠Leakage deduction is 0% with justification limited to 'deemed negligible' — no quantitative analysis or scenario comparison is documented
• ⚠FPIC was not conducted; while the validation report resolved this by confirming no indigenous communities in the project area (CAR 09), the absence of a formal FPIC process is a safeguard gap
• ⚠Minimum extraction confidence is rated 'low,' indicating at least one key document was poorly readable, reducing reliability of the extracted data
• ⚠Buffer pool size not disclosed in available documents

Credit Vintages

No issuances recorded on the registry.