CPA 051 – Charcoal Stoves in Kenya

Audit Analysis

The BioLite Improved Cook Stoves programme in Kenya is a well-structured energy-efficiency project with VVB-confirmed additionality, a quantified 5% leakage deduction, and a conservative national-default FNRB. However, the absence of a buffer pool, a project-specific baseline (contradicting the PDD's jurisdictional reference), and a long trail of corrective actions and documentation gaps temper confidence. The project delivered roughly 478% of the pro-rata PDD expectation for the elapsed monitoring period, indicating conservative ex-ante estimates.

Project Description

Red Flags

• ⚠No buffer pool percentage is stated in any available document, leaving permanence risk unmitigated despite the project's 15-year crediting period.
• ⚠Baseline method is recorded as 'project-specific' in the 2025 verification report but 'jurisdictional' in the 2021 PDD — a material discrepancy that weakens baseline robustness.
• ⚠Multiple open and recently closed corrective actions (up to 8 CARs in one cycle) and a finding that SDG 1 monitoring was not conducted in the latest period indicate ongoing MRV compliance gaps.
• ⚠CORSIA eligibility and CCP status are not stated in any extracted document, leaving dual-channel risk unassessed.

Credit Vintages