Vemo Conduce - Mexico City

Audit Analysis

Vemo Conduce is a VCS-registered EV charging infrastructure project in Mexico City verified by TÜV SÜD, with no material findings or corrective actions. However, the project delivered only about 14% of its pro-rata expected emissions reductions for the 2022–2023 monitoring period, the additionality rests on the weakest VCS test (common practice), and seven inter-document contradictions—including a direct conflict on FPIC status—undermine confidence in the data record.

Project Description

Red Flags

• ⚠Verified ERR of 9,195 tCO₂e for the 2022–2023 monitoring period is only ~14% of the pro-rata expectation (~64,700 tCO₂e) derived from the PDD's lifetime estimate of 334,030 tCO₂e over the ~10.3-year crediting period, suggesting the ex-ante baseline may have been significantly over-estimated.
• ⚠FPIC status is directly contradicted: the verification report (Aug 2025) states FPIC was conducted, while the monitoring report (Jun 2024) states it was not. This is a material safeguards discrepancy.
• ⚠Leakage is set at 0% with a 'deemed negligible' justification in the verification report, yet the PDD originally quantified leakage at 0.75%, indicating a shift in approach without clear methodological grounding.

Credit Vintages