Tree Plantation Programme in Different States of India Phase 1
#52of 80 in ARR (afforestation)#8of 9 in IN#93of 154 in Intl. Carbon Registry (ICR)
Audit Analysis
This Indian tree-plantation project (ICR-172) has a VVB-confirmed additionality test and a 10% buffer pool, but is undermined by 17 material findings, a project-specific baseline with unresolved land-use contradictions, and an extremely low verified delivery of roughly 1.3% of the pro-rata ex-ante expectation for the elapsed monitoring period. The contradictions between the validation report and the issuance record on both claimed and verified ER figures, combined with 13 outstanding corrective actions, raise serious concerns about data reliability and the robustness of the underlying sequestration claims.
Red Flags
- Verified ER of 12,723 tCO2 represents only ~1.3% of the pro-rata ex-ante expectation (~967,660 tCO2) for the 5.9-year monitoring period, indicating severe under-delivery or an overly optimistic ex-ante estimate
- Contradiction between validation report (claimed = verified = 11,450) and issuance record (claimed = 163,450, verified = 12,723) on both total_err_claimed and total_err_verified
- 17 material findings including a contradiction in baseline and leakage descriptions regarding land use, missing sources for existing land conditions, and justification required for Mahogany growth in non-native regions
- Monitoring plan initially did not account for dead or cut trees, and the parameter 'Project trees' was incorrectly listed as a constant rather than a monitored variable
- Contradiction in tree counting methodology (drone vs physical) within the VVB report itself
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2021 | 2,268 | 0 | 2,268 | |
| 2022 | 6,125 | 0 | 6,125 | |
| 2023 | 12,333 | 0 | 12,333 | |
| 2024 | 20,057 | 0 | 20,057 | |
| 2025 | 32,284 | 0 | 32,284 | |
| 2026 | 51,965 | 0 | 51,965 | |
| 2027 | 83,644 | 0 | 83,644 | |
| 2028 | 134,633 | 0 | 134,633 | |
| 2029 | 216,706 | 0 | 216,706 | |
| 2030 | 348,811 | 0 | 348,811 | |
| 2031 | 561,449 | 0 | 561,449 | |
| 2032 | 903,711 | 0 | 903,711 | |
| 2033 | 77,764 | 0 | 77,764 | |
| Total | 2,451,750 | 0 | 2,451,750 |
Risk Indicators
VVB-confirmed combined test
10% buffer, no reversals, but monitoring gap for dead trees
0% deduction, but land-use contradiction in baseline/leakage descriptions
Project-specific, Mahogany suitability and land-condition sources unresolved
FPIC and benefit sharing documented; grievance mechanism not stated
CORSIA and CCP status not stated in available documents
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