Selva de Urundel REDD+ Project
#47of 261 in Soil carbon#7of 18 in Argentina#484of 1339 in Verra (VCS)#8of 29 in VM0015
Audit Analysis
The Selva de Urundel REDD+ project in Argentina's Yungas Biosphere Reserve has a verified additionality assessment and a 10% buffer pool with no reversal events, but is undermined by a 0% leakage deduction that the verification report itself flagged as insufficiently evidenced, a project-specific baseline with regulatory-surplus questions, and an extensive list of 26 corrective actions (all closed) that reveal significant initial documentation gaps. The project delivered roughly 90% of its pro-rata ex-ante expectation for the 18-month monitoring period, which is within a reasonable range but leaves limited track record over the 30-year crediting period.
Red Flags
- 0% leakage deduction in a REDD+ project within a Biosphere Reserve, with the verification report explicitly noting 'insufficient evidence to demonstrate leakage is zero' and 'missing information on leakage prevention measures'
- Regulatory surplus questioned due to Yungas Biosphere Reserve status — the project's additionality depends on demonstrating that the activity exceeds what the Biosphere Reserve designation already requires
- 26 corrective actions raised at validation, including inconsistencies in the project scenario (SFM vs. protection), missing IPCC-sourced biomass factors, and unaddressed sexual-harassment risk to community beneficiaries
- Project start date (2021-01-11) flagged as not aligned with VCS Standard Section 3.8 requirements for GHG reduction activities
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2021 | 240,648 | 235,093 | 5,555 | |
| 2022 | 135,466 | 134,667 | 799 | |
| Total | 376,114 | 369,760 | 6,354 |
Risk Indicators
VVB-confirmed but regulatory surplus and scenario consistency questioned
10% buffer pool, no reversal events, risk assessed
0% deduction with insufficient evidence per verification report
Project-specific baseline; reassessment not yet due under 10-year rule
FPIC and grievance mechanism present; sexual-harassment and cattle-herder gaps noted
CORSIA and CCP status not stated in available documents
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