Fuel Efficient Stoves in Zambia (Korea Carbon Management Ltd. CPA No.02)

Audit Analysis

A CDM-to-VCS converted fuel-efficient stove project in Zambia with confirmed additionality and a quantified 5% leakage deduction, but undermined by 13 material findings, 11 corrective actions, a 2.09× discrepancy between the monitoring report's claimed ERs (216,223 tCO₂e) and the verification report's verified ERs (451,656 tCO₂e), and inconsistent stove-distribution figures across documents. The project's data reliability and baseline robustness are significantly weakened by its CDM legacy and unresolved eligibility questions.

Project Description

Red Flags

• ⚠ERR figures differ by a factor of ~2.1 between the monitoring report (216,223 tCO₂e) and the verification report (451,656 tCO₂e) for the same monitoring period, raising serious data-reliability concerns
• ⚠Inconsistent stove-distribution numbers across documents: 30,000 vs 71,416 vs 80,000 target, flagged as a material finding in the verification report
• ⚠13 material findings and 11 corrective actions identified by the VVB, including CDM eligibility inconsistencies, project start-date conflicts, and sample-size calculation errors
• ⚠Project-specific baseline with no stated reassessment date, and no buffer pool percentage documented in the extracted record

Credit Vintages