Tech-Bank Swine Manure Composting Project in Jiangsu Province

Audit Analysis

A VCS-registered swine manure composting project in Jiangsu with a VVB-confirmed investment additionality test and standardised methodology (AMS-III.D/F), but undermined by a 26% discrepancy in lifetime ERR between the PDD and validation report, eight material findings including calculation errors and missing monitoring parameters, and the absence of any verified monitoring data. The project's inherent low non-permanence risk as a composting activity is partially offset by the lack of a stated buffer pool and a thin leakage justification.

Project Description

Red Flags

• ⚠26% discrepancy in lifetime ERR: PDD states 564,360 tCO2e while the validation report (more recent, 2025-02-24) states 410,500 tCO2e — the lower figure is privileged but the unexplained gap raises over-crediting concerns
• ⚠Eight material findings in the validation report include incorrect equations, missing monitoring parameters (VSLT,y, ECPJ,y, FC,y, CTt,y), and a misapplied default value for FEC,default — indicating the project design calculations were not fully robust at validation
• ⚠No monitoring period or verified ERR data is available, so the project's actual performance cannot be assessed against its ex-ante claims
• ⚠Minimum extraction confidence is rated low, suggesting at least one key document was poorly readable and the full evidentiary record may be incomplete

Credit Vintages

No issuances recorded on the registry.