Unitán afforestation and reforestation of grazing lands project
#144of 261 in Soil carbon#15of 18 in Argentina#971of 1339 in Verra (VCS)#57of 97 in AR-ACM0003
Audit Analysis
A small (~49 ha) eucalyptus afforestation project in Chaco, Argentina, verified by ICONTEC with a 27% buffer pool and VVB-confirmed additionality, but undermined by reported 2022–2023 wildfire reversals, five corrective actions, a missing FPIC process, and a four-fold discrepancy between the PDD ex-ante estimate and the 2025 verification report's verified ERR. The project is CCP-eligible but carries meaningful over-crediting and permanence risks that temper its credit quality.
Red Flags
- 2022 wildfire affected 239.62 ha of Eucalyptus with an estimated loss of 3,041.82 tCO2e; a second fire occurred in 2023 — both reported in the 2025 verification report
- PDD ex-ante ERR of 11,335 tCO2e versus 54,023 tCO2e verified in the 2025 verification report — a 4.8× discrepancy that raises over-crediting concerns
- Free, Prior and Informed Consent (FPIC) was not conducted despite the project's location in Chaco province, Argentina, where indigenous communities are present
- Five corrective actions (CAR 01–05) were required by the VVB, covering cartographic errors, fire-event reporting gaps, and missing non-CO2 GHG quantification
- Leakage deduction of 0% justified only as 'deemed negligible' with no quantified analysis in the verification report, while the 2025 monitoring report describes the leakage as 'quantified' — an internal inconsistency
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2016 | 680 | 10 | 670 | |
| 2017 | 2,040 | 0 | 2,040 | |
| 2018 | 2,040 | 1,515 | 525 | |
| 2019 | 2,040 | 0 | 2,040 | |
| 2020 | 2,040 | 0 | 2,040 | |
| 2021 | 1,360 | 0 | 1,360 | |
| Total | 10,200 | 1,525 | 8,675 |
Risk Indicators
VVB-confirmed barrier test
27% buffer pool but 2022–23 wildfire reversals reported
0% deduction, 'deemed negligible' justification, internal in
Project-specific baseline, no recorded reassessment date
Grievance mechanism present but FPIC not conducted
CCP eligible; CORSIA status not stated
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