Believe Green Safe Drinking Water – Spring Health-2

Audit Analysis

A Gold Standard safe-drinking-water project in India that displaces decentralized thermal energy for water heating. Additionality was confirmed by the VVB via a combined test, and the verification report (August 2023) closed all eleven material findings without requiring corrective actions. However, the project relies on a project-specific baseline, assumes 100% usage where the original PDD assumed 82%, applies a 0% leakage deduction, and provides no buffer pool or permanence mechanism, leaving meaningful over-crediting and permanence risk.

Project Description

Red Flags

• ⚠Usage rate assumed at 100% in the monitoring report versus 82% in the original PDD, inflating claimed credits by roughly 22% without independent measurement
• ⚠No buffer pool or permanence mechanism stated in any available document, and reversal events are explicitly 'not addressed'
• ⚠Leakage deduction of 0% with a 'quantified' justification is internally inconsistent — if leakage was quantified, the result and method should be documented
• ⚠Crediting period end date is missing in the verification report (start 2019-01-26, end not stated), while the PDD lists 2018-08-01 to 2033-08-01, creating uncertainty about the actual crediting window

Credit Vintages Exhausted