Angovo Maharitra

Audit Analysis

Angovo Maharitra is a VCS cookstove project (AMS-II.G) in Madagascar with a confirmed investment-test additionality and a quantified 5% leakage deduction, but its integrity is undermined by a project-specific baseline, an unstated buffer pool, and four corrective actions flagging calculation errors in the verification spreadsheet. Eleven contradictions across documents—including a 38% reduction in verified ERR by the VVB relative to the monitoring report—raise meaningful transparency and claim-safety concerns. The project is not CORSIA-eligible and no reversal events were reported, but the overall evidence base is weakened by medium extraction confidence and multiple unresolved data gaps.

Project Description

Red Flags

• ⚠The VVB reduced the monitoring report's claimed ERR from 62,266 to 38,900 tCO2e (a 38% cut), and four corrective actions cite missing or incorrect calculations in the verification spreadsheet, indicating the initial monitoring calculations were not fully reliable.
• ⚠Eleven contradictions across the PDD, validation report, monitoring report, and two versions of the verification report (June vs September 2025) create uncertainty about which parameters—FPIC, grievance mechanism, safeguards, benefit-sharing, additionality test type, FNRB method, and crediting period dates—are final.
• ⚠A 100% usage rate is both assumed and verified, which is an aggressive assumption for a cookstove project in rural Madagascar and leaves no margin for device abandonment or under-use.
• ⚠Buffer pool percentage is not stated in any available document, leaving the permanence risk for this avoidance project unquantified in the extracted record.

Credit Vintages