CPA 061 – Charcoal Stoves in Kenya

Audit Analysis

The BioLite improved cookstove project in Kenya has a solid additionality foundation (combined test, VVB-verified) and a quantified 5% leakage deduction, but is undermined by significant internal contradictions across documents—particularly on baseline method, total ERR figures, and safeguards documentation. Multiple corrective actions remain open, and the cumulative credits issued appear to exceed the PDD's ex-ante estimate, raising over-crediting concerns that cannot be fully resolved from the available record.

Project Description

Red Flags

• ⚠Cumulative credits issued (2,649,011 per the issuance document) exceed the PDD's total ex-ante estimate (1,498,873), suggesting potential over-crediting or an unexplained revision to the project's emission reduction estimate.
• ⚠Baseline method is stated as 'project-specific' in the monitoring report but 'jurisdictional' in the PDD—a fundamental methodological discrepancy that affects the validity of the baseline.
• ⚠Buffer pool percentage and reversal events are not stated in any available document, leaving permanence risk unquantified.
• ⚠Multiple corrective actions remain open, including missing SDG outcome assessment, missing Safeguarding Principles assessment, and missing supporting documents for stove identification and sample size calculations.

Credit Vintages