Zhejiang Shengtang Recycling Materials from E-waste Project
#916of 1084 in China#1051of 1339 in Verra (VCS)#44of 72 in AMS-II.I
Audit Analysis
This e-waste recycling project under VCS AMS-III.BA has a VVB-confirmed investment additionality test and no permanence risk, but the verification report surfaced 18 material findings and 21 corrective actions, including an incorrect emission factor in the ER spreadsheet. The verified ERR for the monitoring period is only about 42% of the pro-rata expectation from the PDD lifetime estimate, and multiple data points (FPIC, CORSIA, CCP, baseline reassessment) are absent from the record. Overall, the project's methodological foundation is sound but the execution and documentation quality raise significant concerns.
Red Flags
- 18 material findings and 21 corrective actions identified in the verification report, including an incorrect electric emission factor used in the ER calculation spreadsheet
- Verified ERR of 21,603 tCO₂e for the 1.5-year monitoring period is only ~42% of the pro-rata expectation (~51,083 tCO₂e) derived from the PDD lifetime estimate of 238,791 tCO₂e over 7 years
- Low extraction confidence on at least one key document, and one evidence document is classified as 'unknown' type
- Contradictions across documents on additionality test type (investment vs combined) and leakage justification (deemed negligible vs quantified)
- Stakeholder consultation date in the monitoring report is inconsistent with the supporting evidence document
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2022 | 606 | 0 | 606 | |
| Total | 606 | 0 | 606 |
Risk Indicators
VVB-confirmed investment test, but test type contradicted ac
Not applicable – waste handling project, no reversal risk
0% deemed negligible, plausible but justification contradict
Project-specific baseline, no reassessment date recorded (no
Grievance mechanism and benefit sharing present, but FPIC no
CORSIA and CCP status not stated in available documents
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