Changdao Geothermal Central Heating System
GS-3277 ↗ · current registry ID: GS11256
#752of 1861 in Renewable energy#442of 1181 in China#254of 765 in Gold Standard (GS)#3of 10 in AM0072
Audit Analysis
The Changdao Geothermal Central Heating System is a well-structured Gold Standard project with VVB-confirmed additionality and a solid delivery rate (95.5% of pro-rata expectation), but it is undermined by the absence of a buffer pool, an unaddressed reversal risk, a 0% leakage deduction with no clear justification, and material non-conformities raised during verification. Multiple contradictions across documents and low extraction confidence further erode confidence in the data record.
Red Flags
- Leakage deduction of 0% with justification recorded as 'not addressed' in the 2024 verification report, contradicting the 2022 report's 'deemed negligible' — no quantified or clearly justified leakage treatment
- No buffer pool or permanence protection mechanism identified in any available document; reversal risk explicitly 'not addressed' for a geothermal heating project
- Material findings include a non-conformity (CL 01) and two corrective actions (CAR 01, CAR 02) raised during verification, yet the corrective-actions-required list is empty
- Low extraction confidence across the document set, combined with five cross-document contradictions, reduces reliability of the extracted record
- CORSIA eligibility confirmed while CCP status is not stated, creating potential dual-channel crediting risk
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2020 | 112,790 | 112,790 | 0 | |
| 2021 | 365,005 | 252,642 | 112,363 | |
| 2022 | 369,582 | 363,247 | 6,335 | |
| 2023 | 367,003 | 2,402 | 364,601 | |
| 2024 | 218,774 | 0 | 218,774 | |
| Total | 1,433,154 | 731,081 | 702,073 |
Risk Indicators
VVB-confirmed combined test
No buffer pool; reversal risk not addressed
0% deduction, justification not addressed (2024)
Project-specific AM0072 baseline; reassessment timing not stated
FPIC and grievance mechanism present; benefit sharing not described (2024)
CORSIA-eligible; CCP status not stated
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