Bundled renewable energy project in Gujarat and Karnataka, India
Score Breakdown
Integrity
verified The validation/verification record indicates additionality was confirmed by the VVB using an investment test.
missing Leakage treatment is not addressed in the extracted record (no stated deduction or justification), weakening confidence in net ERs.
Transparency
verified The monitoring report (2023-10-16) provides a clear monitoring period (2018-03-08 to 2022-08-31) and the verified ERs equal the claimed ERs (41,663).
missing Key MRV elements are missing from the extracted record (e.g., usage monitoring method not stated; leakage deduction not stated).
Claim Safety
verified Claimed and verified ERs are consistent (41,663), reducing immediate over-issuance risk for the reported period.
missing CORSIA eligibility and CCP status are not stated in the extracted record, leaving uncertainty about downstream claims and labeling.
Documentation
verified A relatively complete document set is indicated (PDD, validation report, monitoring report, issuance) with 11 documents used and high extraction confidence.
inferred VVB is identified (4K Earth Science Pvt ltd), but the extracted record does not provide details to assess independence beyond naming.
Detailed Analysis
Integrity
The validation/verification record indicates additionality was confirmed by the VVB using an investment test, which supports additionality robustness. The baseline is described as project-specific and the extracted record does not state when the baseline was last reassessed, which is a weakness for a grid-connected renewable project where grid factors can change over time. Leakage is not addressed in the extracted record (no justification and no deduction stated), which reduces confidence that credited ERs reflect net impacts. No material findings or corrective actions are reported, which is supportive but does not fully offset the leakage/baseline gaps.
Transparency
The monitoring report dated 2023-10-16 clearly states the monitoring period (2018-03-08 to 2022-08-31). The total emission reductions claimed equal the total verified amount (41,663), which is a positive signal for MRV consistency. However, the extracted record does not include a stated leakage deduction or leakage justification, and does not state a usage monitoring method, limiting transparency on key quantification controls.
Claim Safety
Over-crediting risk is moderated by the match between claimed and verified ERs (41,663) for the monitoring period, as reflected in the monitoring/verification outcome. Claim safety is weakened by the absence of leakage treatment in the extracted record and by reliance on a project-specific baseline with no stated reassessment timing. CORSIA eligibility and CCP status are not stated in the extracted record, which increases uncertainty for buyers about how credits may be marketed and used.
Documentation
The extracted record indicates a reasonably complete documentation package (PDD, validation report, monitoring report, issuance) and that 11 documents were used, supporting completeness. Minimum extraction confidence is high, suggesting the underlying documents were readable and the extracted facts are likely reliable. The monitoring report is recent (2023-10-16) relative to the monitoring period end (2022-08-31), which supports recency. No corrective actions are reported, which is consistent with a clean verification outcome.
Overall
No contradictions were identified in the extracted record, so no score adjustment was needed for internal inconsistencies. The strongest elements are VVB-confirmed additionality and consistency between claimed and verified ERs for the monitoring period. The main drivers holding the score down are missing leakage treatment and limited baseline governance detail (project-specific baseline with no stated reassessment timing). If documentation were to fall below the gate threshold it could cap transparency post-scoring, but documentation here is above that level.
Audit Analysis
This VCS bundled renewable energy project reports verified emission reductions that match the claimed amount for the 2018–2022 monitoring period, with additionality confirmed by the VVB using an investment test. However, baseline setting is project-specific and leakage treatment is not addressed in the extracted record, which increases over-crediting and claims risk despite otherwise solid documentation.
Project Description
Proponent: Multiple Proponents Protocol categories: Energy industries (renewable/non-renewable sources) Protocols: AMS-I.D. Estimated annual GHG reductions: 11842 tCO2e Region: Asia Registration date: 2019-03-20
Red Flags
- Leakage is not addressed in the extracted record (no justification and no stated deduction), creating uncertainty around net credited reductions.
- Baseline is project-specific and the timing of any baseline reassessment is not stated, increasing the risk that grid/baseline assumptions become outdated.
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2018 | 5,159 | 0 | 5,159 | |
| 2019 | 7,406 | 0 | 7,406 | |
| 2020 | 9,058 | 500 | 8,558 | |
| 2021 | 11,886 | 0 | 11,886 | |
| 2022 | 8,154 | 2,700 | 5,454 | |
| Total | 41,663 | 3,200 | 38,463 |
Cosa migliorerebbe questo punteggio
- Explicitly document leakage assessment and, if applicable, quantify and apply a leakage deduction (or justify why it is negligible) in the monitoring/verification record.
- Provide clearer baseline governance details, including when the baseline/grid factor was last reassessed and how updates are handled over the crediting period.
Questi suggerimenti indicano quali prove pubbliche aggiuntive potrebbero migliorare il livello di confidenza di questa valutazione. Non garantiscono un punteggio futuro più alto.
Risk Indicators
VVB-confirmed investment test
No reversal risk for grid renewables
Leakage not addressed
Project-specific; reassessment not stated
FPIC and grievance mechanism documented
CORSIA/CCP status not stated
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