Electric Vehicle Charging Programme in Korea
#32of 629 in Verra (VCS)#1of 8 in VM0038
Audit Analysis
A VCS-registered EV charging project in South Korea with a VVB-confirmed combined additionality test, smart-meter monitoring, and no material findings. The verified ERR figure (26,460 tCO₂e) is conservative relative to the monitoring report's calculation (41,795 tCO₂e), reducing over-crediting risk. Main gaps are the project-specific baseline, absence of a stated buffer pool, and unconfirmed CORSIA/CCP status.
Red Flags
- ERR discrepancy: the PDD states 26,460 tCO₂e while the monitoring report reports 41,795 tCO₂e for the same field; the VVB verified the lower figure, but the basis for the difference is not explained in the extracted record
- No buffer pool percentage is stated in any available document, leaving permanence risk unquantified for a 10-year crediting period
- CORSIA eligibility and CCP status are not stated in any document, leaving dual-channel risk unassessed
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2023 | 3,800 | 100 | 3,700 | |
| 2024 | 1,300 | 0 | 1,300 | |
| Total | 5,100 | 100 | 5,000 |
Risk Indicators
Combined test, VVB-confirmed
Avoidance project, no buffer pool stated
0% with quantified justification
Project-specific, reassessment not yet due
FPIC, grievance mechanism, safeguards documented
CORSIA and CCP status not stated
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