Gangwon+Inje+Ansan Renewable Energy Bundling Project

Audit Analysis

A small CDM wind project in South Korea with VVB-confirmed additionality and a jurisdictional baseline, but severely limited by the absence of any monitoring data, a 10× discrepancy in claimed emissions reductions between the PDD and validation report, and six material findings raised during validation. The project's inherent low reversal risk as a wind avoidance project is a positive, but the data gaps and documentation inconsistencies significantly undermine confidence in the credit figures.

Project Description

Red Flags

• ⚠10× discrepancy in total ERR: the PDD states 111,300 tCO₂e while the validation report states 11,130 tCO₂e — a factor-of-ten error that raises serious over-crediting risk if the PDD figure was used for issuance
• ⚠Six material findings (CARs) raised during validation, including a methodology version inconsistency, prior-consideration evidence gaps, a utilization-ratio mismatch between the PDD and supporting spreadsheets, and a mid-process change in the additionality demonstration tool
• ⚠No monitoring reports, verified ERR figures, or monitoring period data found in any available document — the project's actual performance is entirely unverified
• ⚠Low extraction confidence across the document set, indicating at least one key document was poorly readable or incomplete

Credit Vintages

No issuances recorded on the registry.