VCSEnergy industries (renewable/non-renewable sources); TransportIndia Registry: RegisteredAMS-III.C

BluSmart EV Project in India

VCS-2708 ↗

#9of 387 in India#18of 629 in Verra (VCS)#1of 8 in AMS-III.C

6.9/ 10
Integrity
7.0
Transparency
6.5
Claim Safety
7.0
Documentation
7.0

Scored2026-08-24high confidence

Generated by CarbonMeld Analysis Pipeline · Methodology · Editorial Policy · About the System
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Audit Analysis

The BluSmart EV project is a straightforward avoidance-type project (electric vehicles replacing ICE vehicles) with VVB-confirmed additionality, no reversal events, and a recent baseline reassessment (2023). The main concerns are the project-specific baseline, a 0% leakage deduction with inconsistent justification across documents, and unresolved contradictions on FPIC and benefit-sharing. Overall, the project presents moderate-to-good integrity with minor documentation gaps.

Red Flags

  • FPIC status contradicts between the validation report (conducted) and the more recent monitoring report (not conducted) — unclear whether free, prior, and informed consent was actually obtained
  • Leakage justification is inconsistent: the 2023 verification report states leakage was 'not addressed' while the 2025 monitoring report claims it was 'deemed negligible' — the earlier gap was never formally resolved
  • Buffer pool percentage is not stated in any available document, leaving the permanence safeguard mechanism unquantified
  • CORSIA eligibility and CCP status are not stated in any document, leaving dual-channel risk unassessed

Credit Vintages

IssuedRetiredAvailable
2020
18018
2021
21970149
2022
1,15101,151
2023
1,75701,757
2024
2950295
Total3,440703,370

Risk Indicators

Additionality

VVB-confirmed (common-practice/combined test)

Permanence

Avoidance project, risk rated 0, no reversals

Leakage

0% deduction, justification inconsistent across docs

Baseline

Project-specific, reassessed 2023

Safeguards

Grievance present, FPIC contradictory

Double-claim

CORSIA and CCP status not stated

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Analysis ProvenanceScored2026-08-24AMS III C
Methodology·Editorial Policy·About the System

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