FCN GS PoA for Rural Communities VPA 02

Audit Analysis

This Gold Standard improved-cookstove project in India has VVB-verified additionality and a measured project-specific baseline, but the 2025 verification report reveals serious operational concerns: stove breakage, no new distributions during the reporting period, and days of non-use. The verified emissions reduction of 11,083 tCO₂e represents only about 36% of the pro-rata annual expectation derived from the PDD lifetime estimate, raising meaningful over-crediting risk for the full 7-year crediting period.

Project Description

Red Flags

• ⚠No new improved cookstoves were distributed during the 2025 reporting period, yet 11,083 tCO₂e of reductions were verified from previously installed units that are experiencing breakage and non-use
• ⚠Verified ERR of 11,083 tCO₂e is only ~36% of the pro-rata annual expectation (~30,879 tCO₂e/year) implied by the PDD lifetime estimate of 216,150 tCO₂e over 7 years
• ⚠14 material findings in the verification report, including stove handle breakage, entire stove failure, and fNRB recalculation from 0.950 to 0.737, indicating the initial credit estimate was materially overstated
• ⚠FPIC was not conducted despite the project targeting rural communities

Credit Vintages