Grouped projects for Improved cookstove for climate and community action
#40of 60 in Cookstoves#21of 25 in Vietnam#485of 629 in Verra (VCS)#34of 46 in AMS-II.G
Audit Analysis
A grouped cookstove project in Vietnam with confirmed additionality (investment test, VVB-verified) and a quantified 5% leakage deduction, but significant gaps in community safeguards (no FPIC, no grievance mechanism, no documented safeguards per the most recent verification report). A major discrepancy between the PDD's lifetime ERR estimate (38,536) and the verified ERR for a single monitoring period (218,129) raises serious over-crediting concerns, compounded by multiple internal contradictions across documents.
Red Flags
- Massive ERR discrepancy: PDD states 38,536 lifetime credits while the verification report (2024-04-16) reports 218,129 verified for a ~1.67-year monitoring period — a ratio of roughly 34× the pro-rata expectation, suggesting either a data extraction error, a per-unit vs. total confusion, or genuine over-crediting
- No FPIC conducted, no grievance mechanism, and no safeguards documented per the most recent verification report (2024-04-20) — a critical gap for a community-facing cookstove project in Vietnam
- fNRB value dropped from 0.9403 (validation, 2022) to 0.6958 (verification, 2024) due to an uncertainty deduction, and the method shifted from national default to local field measurement — the basis of the emission factor is unstable across documents
- Buffer pool percentage not stated in any available document, leaving permanence risk unquantified
- PDD date (2025-08-11) post-dates the verification report (2024-04-16), which is chronologically anomalous for a Project Design Document and undermines confidence in the ex-ante baseline estimate
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2021 | 1,626 | 1,626 | 0 | |
| 2022 | 264,041 | 17,267 | 246,774 | |
| 2023 | 166,452 | 10,940 | 155,512 | |
| 2024 | 4,441 | 0 | 4,441 | |
| Total | 436,560 | 29,833 | 406,727 |
Risk Indicators
Investment test, VVB-confirmed
No reversal events, but buffer pool not stated
5% quantified deduction with justification
Project-specific, no reassessment date stated
No FPIC, no grievance mechanism, no safeguards documented
CORSIA excluded, but CCP status not stated
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