Biomass/Biogas based heat and power generation at Everest Starch
#1of 111 in Biogas#5of 387 in India#12of 629 in Verra (VCS)#1of 42 in AMS-I.C
Audit Analysis
A biogas/biomass heat-and-power project in India operating under VCS AMS-I.C. with a VVB-confirmed investment additionality test and a project-specific baseline reassessed in 2024. The project delivered approximately 95% of its pro-rata expected emissions reductions for the monitored period, with no CORSIA eligibility and no reversal risk inherent to the energy-sector design. Several material findings (CH4 boundary, boiler capacity, emission-factor sourcing) were raised during verification but all were closed, and the project is now entering a second crediting period (2024–2034).
Red Flags
- Project-specific baseline rather than a jurisdictional or standardised baseline, limiting comparability and increasing sensitivity to local assumptions
- Four assessment findings and two minor findings were raised during verification (CH4 emissions boundary inconsistency, boiler capacity error of 8 TPH vs 12 TPH, coal emission-factor source inconsistency, missing regulatory-surplus assessment), all closed by March 2022 but indicating initial documentation quality gaps
- Permanence and reversal risk are marked as 'not addressed' in the extracted record, although inherent reversal risk is low for an energy-generation project with no carbon storage
- CCP status is not stated in any available document, leaving the dual-channel (CORSIA + CCP) risk partially unassessed
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2014 | 15,077 | 15,077 | 0 | |
| 2015 | 25,648 | 25,648 | 0 | |
| 2016 | 25,638 | 25,638 | 0 | |
| 2017 | 25,983 | 10,351 | 15,632 | |
| 2018 | 52,229 | 0 | 52,229 | |
| 2020 | 18,476 | 1,132 | 17,344 | |
| 2021 | 24,933 | 8,383 | 16,550 | |
| 2022 | 23,082 | 9,761 | 13,321 | |
| Total | 211,066 | 95,990 | 115,076 |
Risk Indicators
Investment test, VVB-confirmed
Energy project, no carbon storage
0% with quantified justification
Project-specific, reassessed 2024
FPIC, grievance, benefits documented
CORSIA excluded, CCP not stated
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