Grouped Water Purification Project in India

Audit Analysis

The project has a VVB-verified investment additionality test and no material findings, but is undermined by a factor-of-100 discrepancy in the reference energy factor between the PDD and verification report, and a verified emission reduction that is only about 4% of the pro-rata expectation for the elapsed monitoring period. These issues raise serious questions about the robustness of the baseline and the magnitude of the claimed credits.

Project Description

Red Flags

• ⚠FNRB value differs by a factor of 100 between the verification report (80.82) and the PDD (0.8082), creating a potential 100× over-crediting risk if the lower value is correct
• ⚠Verified ERR of 1,537 tCO2e is only ~4% of the pro-rata expectation (~39,300 tCO2e) for the 1.66-year monitoring period out of the 10-year crediting period, suggesting the baseline may be significantly overstated
• ⚠Leakage justification is inconsistent: the PDD (2024-07) states leakage was 'quantified' while the verification report (2024-09) states it was 'not addressed'
• ⚠No buffer pool percentage is stated in any available document, leaving permanence risk unquantified

Credit Vintages