Dora II 9.5 MWe Geothermal Energy Project (300274)
GS-790 ↗ · current registry ID: GS445
#543of 1935 in Renewable energy#113of 295 in Turkey#267of 1801 in Gold Standard (GS)#192of 806 in AMS-I.D
Audit Analysis
The Dora II geothermal project in Turkey has a VVB-confirmed investment additionality test and presents low inherent reversal risk as an avoidance-type renewable energy project. However, the project-specific baseline, absence of a buffer pool, a grid emission factor dated to 2008, and several inter-document contradictions (baseline method, leakage justification, grievance mechanism) moderate confidence in the credit claims. Data quality issues flagged in the verification report were corrected, but the overall documentation record shows gaps in verified emission figures and sustainability indicators.
Red Flags
- Grid emission factor of 0.589 tCO2/MWh is from 2008 and has not been updated; if Turkey's grid has decarbonised since then, credits may be overstated
- No buffer pool is in place to cover potential non-permanence, and the verification report does not explicitly address reversal risk
- Contradiction between the verification report (grievance mechanism present) and the 2023 monitoring report (grievance mechanism absent) raises questions about ongoing safeguards compliance
- No verified ERR figure is available in the extracted record; only the claimed figure of 70,261 tCO2e from the monitoring report is present
- Baseline method is inconsistent across documents: the verification report states a project-specific baseline while the monitoring report references a jurisdictional baseline
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2010 | 34,814 | 34,814 | 0 | |
| 2011 | 48,952 | 48,952 | 0 | |
| 2012 | 49,328 | 49,328 | 0 | |
| 2013 | 51,088 | 51,071 | 17 | |
| 2014 | 49,727 | 49,673 | 54 | |
| 2015 | 46,319 | 46,270 | 49 | |
| 2016 | 40,228 | 40,102 | 126 | |
| 2017 | 7,619 | 6,542 | 1,077 | |
| 2018 | 29,620 | 17,512 | 12,108 | |
| 2019 | 34,169 | 33,895 | 274 | |
| 2020 | 6,472 | 6,455 | 17 | |
| Total | 398,336 | 384,614 | 13,722 |
Risk Indicators
VVB-confirmed investment test
avoidance type but non-permanence unaddressed in verification
0% deduction with quantified justification; reasonable for geothermal
Project-specific baseline; grid EF from 2008 not updated
FPIC conducted; grievance mechanism contradicted across documents
CORSIA and CCP status not stated in available documents
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