Fuel Efficient Stoves in Zambia – Korea Carbon Management Ltd. CPA No.1
#2of 7 in Zambia#254of 629 in Verra (VCS)#9of 46 in AMS-II.G
Audit Analysis
A VCS fuel-efficient stove project in Zambia with VVB-confirmed additionality and a quantified 5% leakage deduction, but undermined by significant contradictions in reported ERR figures across documents, a project-specific baseline without a stated reassessment date, and an absent buffer pool. The project is registered and monitored, yet key permanence and baseline parameters remain undocumented, limiting confidence in the credit's robustness.
Red Flags
- ERR figures conflict: the monitoring report (Feb 2024) and an earlier verification report (Apr 2024) both report 100,032 tCO₂e, while the most recent verification report (Dec 2024) reports 48,452 tCO₂e — a 52% discrepancy with no documented explanation
- Buffer pool percentage is not stated in any available document, leaving permanence risk unquantified
- Additionality test type is not specified despite VVB confirmation, making it impossible to assess the rigor of the additionality assessment
- Benefit-sharing description is contradictory: the verification report (Dec 2024) confirms it while the monitoring report (Dec 2024) states it is absent
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2021 | 50,016 | 0 | 50,016 | |
| 2022 | 50,016 | 0 | 50,016 | |
| Total | 100,032 | 0 | 100,032 |
Risk Indicators
VVB-confirmed but test type unspecified
Buffer pool not stated; avoidance project
5% quantified deduction
Project-specific; reassessment date not stated
FPIC, grievance mechanism, safeguards documented
CORSIA and CCP status not stated
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