Shunping MSW Incineration and Power Generation PPP Project
#1086of 1329 in Industrial#979of 1084 in China#1117of 1339 in Verra (VCS)#21of 31 in ACM0022
Audit Analysis
The Shunping MSW incineration project is VCS-registered under ACM0022 with a VVB-confirmed combined additionality test, but the validation report (Nov 2024) carries 14 material findings including a clarification request on double counting with China's national ETS and a corrective action on the IRR calculation. No monitoring or verification data is available in the extracted record, and the leakage justification is inconsistent between document versions, leaving the project's claim safety and transparency materially unverified.
Red Flags
- Clarification Request raised on double counting with China's national emissions trading scheme — unresolved in the extracted record
- Leakage deduction of 0% with justification recorded as 'not addressed' in the more recent validation report (Nov 2024), contradicting an earlier 'deemed negligible' statement (Aug 2024)
- 14 material findings in the validation report, including gaps in additionality (IRR, O&M costs, self-consumption) and incorrect wastewater emission formulas
- No monitoring report or verified ERR available; total ERR verified is not found in the extracted record
- Corrective Action Request for incorrect VAT rate (13% vs 6%) in the IRR calculation, undermining the financial additionality analysis
Credit Vintages
No issuances recorded on the registry.
Risk Indicators
VVB-confirmed but with material gaps in IRR and O&M analysis
Energy project – reversal not applicable per validation repo
0% deduction, justification 'not addressed' in latest report
Project-specific baseline, no reassessment date recorded
FPIC and grievance present, benefit sharing not described
CL raised on China ETS overlap; CORSIA/CCP not stated
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