The Jaguar Amazon REDD+ Project
#50of 261 in Soil carbon#5of 24 in Peru#490of 1339 in Verra (VCS)#2of 10 in VM0006
Audit Analysis
The Jaguar Amazon REDD+ Project is a VCS-registered ALM project in Peru's Madre de Dios region with VVB-verified additionality, a 12% buffer pool, and documented safeguards, but is undermined by a project-specific baseline, a 0% leakage deduction in a high-deforestation-risk area, unresolved methodology deviations, and multiple contradictions across verification and monitoring reports. The most recent monitoring period shows claimed and verified ERR figures aligning at 673,416 tCO2e, but earlier reports cite materially different values, creating uncertainty about the project's true credit volume.
Red Flags
- 0% leakage deduction in Madre de Dios, Peru — one of the highest deforestation-risk regions in the Amazon — with only a 'quantified' justification and no quantified figure provided in the extracted record
- Methodology deviation flagged in the 2025 verification report with no justification provided; corrective action required to update the PDD and validation report
- Material contradiction in verified ERR: 673,416 tCO2e (2025 monitoring report) vs 216,979 tCO2e (2025 verification report, 15 days earlier), suggesting possible period misalignment or calculation error
- Reversal events field marked 'not_addressed' in the March 2025 verification report despite a 12% non-permanence risk rating and 26,670 tCO2e buffer deposit being calculated
- Benefit-sharing arrangement described in the 2023 verification report but absent from the 2025 verification report, raising questions about ongoing community engagement
Credit Vintages Exhausted
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2018 | 851,385 | 851,385 | 0 | |
| 2019 | 999,975 | 999,975 | 0 | |
| 2020 | 1,151,400 | 1,151,400 | 0 | |
| 2021 | 5 | 5 | 0 | |
| Total | 3,002,765 | 3,002,765 | 0 |
Risk Indicators
VVB-confirmed investment test
12% buffer pool; reversal field inconsistent
0% deduction in high-risk area
Project-specific; reassessed 2021
FPIC, grievance mechanism, safeguards documented
CCP approved; CORSIA excluded
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