Biogas Project in Cuddalore, India
#38of 111 in Biogas#227of 387 in India#381of 629 in Verra (VCS)#7of 23 in AMS-II.I
Audit Analysis
A VCS-registered biogas project in Cuddalore, India with a VVB-confirmed investment additionality test and no reported reversal events, but significant gaps in safeguards documentation (FPIC, grievance mechanism, and benefit sharing all appear absent in the latest verification report), an unaddressed 0% leakage deduction, and a 56% downward revision of the ex-ante ERR between PDD versions. The project is not CORSIA-eligible, and the verified ERR matches the revised claimed figure, but the overall compliance and safeguards posture is weak.
Red Flags
- Four safeguards-related fields (FPIC, grievance mechanism, benefit sharing, safeguards) flipped from 'present' to 'absent' between the September and October 2024 verification reports, with the later (October) report indicating none are in place
- Leakage deduction of 0% with the justification recorded as 'not addressed' in the verification report, while the earlier monitoring report had stated 'deemed negligible'
- Total ERR revised downward from 30,400 (PDD, May 2023) to 13,345 (PDD, August 2024), a 56% reduction, without a clear explanation in the extracted record
- No buffer pool percentage is stated in any available document, leaving permanence risk unquantified
- A public comment (January 2024) questioned financial additionality and project ownership; the VVB responded but the underlying concern about carbon-rights management by GCS warrants scrutiny
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2021 | 328 | 0 | 328 | |
| 2022 | 7,916 | 0 | 7,916 | |
| 2023 | 5,101 | 0 | 5,101 | |
| Total | 13,345 | 0 | 13,345 |
Risk Indicators
VVB-confirmed investment test
No buffer pool stated; no reversals
0% deduction, justification not addressed
Project-specific, modeled, no reassessment date
FPIC, grievance, benefit sharing all absent
CORSIA excluded; CCP status not stated
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