Project Flux

Audit Analysis

Project Flux is a UK wastewater-treatment avoidance project with VVB-confirmed additionality and a smart-meter MRV system, but it is undermined by eight material findings (including an incorrect baseline emission calculation and missing monitoring parameters), a project-specific baseline with no recorded reassessment, no buffer pool, and a verified delivery of only ~4.6% of the pro-rata ex-ante expectation for the elapsed monitoring period. The combination of documentation gaps, a significant ERR discrepancy between the PDD and the validation report, and the very low verified-to-expected ratio raises substantial over-crediting and baseline-validity concerns.

Project Description

Red Flags

• ⚠Verified ERR of 408 tCO₂e represents only ~4.6% of the pro-rata ex-ante expectation (~8,800 tCO₂e) for the ~10-month monitoring period, indicating severe under-delivery or an overly optimistic ex-ante estimate.
• ⚠Material finding CL 03 reports an incorrect baseline emission calculation and missing monitoring parameters (kWh, EfE, H, D), directly undermining the integrity of the credit calculation.
• ⚠Eight corrective actions remain open, including inconsistent project start dates, component lifespans shorter than the 10-year crediting period, and incomplete stakeholder consultation at the Shaftesbury site.
• ⚠The PDD (dated 2023-05-15) claims 10,562 tCO₂e while the earlier validation report (2023-02-28) records 408 tCO₂e; the PDD post-dates the validation, which is an unusual and concerning sequencing.

Credit Vintages