GS11677 GS11902 Malawi Biomass Energy Conservation Programme CPA 25

Audit Analysis

A Gold Standard cookstove project in Malawi with VVB-confirmed additionality, no reversal events, and a quantified 5% leakage deduction, but undermined by a project-specific baseline, absence of a stated buffer pool, and a striking discrepancy where the 2024 verified ERR (243,647 tCO₂e) exceeds the entire 15-year lifetime ex-ante estimate (193,899 tCO₂e). Multiple contradictions across documents on fNRB values, usage rates, and crediting periods further erode confidence in the data chain.

Project Description

Red Flags

• ⚠The 2024 verified ERR of 243,647 tCO₂e for a single monitoring year exceeds the 15-year lifetime ex-ante estimate of 193,899 tCO₂e by 25%, indicating a potential over-crediting or scope-expansion issue not transparently explained
• ⚠The 2023 verification report records a verified ERR of 1,534,828 tCO₂e — roughly 8× the lifetime ex-ante estimate — raising serious questions about the validity of the ex-ante baseline or the monitoring calculations
• ⚠Baseline method is project-specific with no documented reassessment date, and the applicable standard's reassessment cadence is not confirmed
• ⚠CCP status and CORSIA eligibility are both unstated, leaving double-claiming risk unaddressed

Credit Vintages