GS11677 GS11902 Malawi Biomass Energy Conservation Programme CPA 15

Audit Analysis

A Gold Standard biomass cookstove project in Malawi with a VVB-verified investment additionality test, a 5% quantified leakage deduction, and no reported reversal events. However, the project-specific baseline, multiple data contradictions across documents (usage rates, crediting period, leakage justification), and the absence of a stated buffer pool or CORSIA/CCP eligibility status introduce moderate uncertainty. The verified ERR closely matches the claimed figure (99.6%), suggesting the VVB's verification is consistent with the project's claims.

Project Description

Red Flags

• ⚠Crediting period contradicts between the monitoring report (2016–2025) and the validation report (2021–2036), creating ambiguity about the actual project duration and pro-rata expectations
• ⚠Usage rate verified differs between the monitoring report (0.9206) and the verification report (0.7678); the VVB's lower figure is privileged but the gap signals inconsistent measurement
• ⚠Leakage justification is stated as 'quantified' in the verification report but 'deemed negligible' in a 2024 appendix, creating uncertainty about the basis for the 5% deduction
• ⚠CORSIA eligibility and CCP status are not stated in any available document, leaving dual-channel risk unassessed

Credit Vintages