GS11677 GS11902 Malawi Biomass Energy Conservation Programme CPA 31
GS-3933 ↗ · current registry ID: GS11929
#204of 1329 in Industrial#28of 92 in Malawi#360of 1801 in Gold Standard (GS)#48of 189 in AMS-II.G
Audit Analysis
A Gold Standard cookstove distribution project in Malawi with VVB-confirmed additionality, quantified 5% leakage, and documented safeguards, but a critical discrepancy where the single-year verified reduction (243,647 tCO₂e) exceeds the entire 15-year lifetime ex-ante estimate (193,899 tCO₂e), raising serious over-crediting concerns. Multiple data contradictions across documents further erode confidence in the reported figures.
Red Flags
- Verified ERR for the 2024 monitoring period (243,647 tCO₂e) exceeds the entire 15-year lifetime ex-ante estimate (193,899 tCO₂e from the 2023 PDD) by ~25%, implying the project delivered roughly 19× the annualized expectation — a major over-crediting signal
- Ten contradictions across key parameters (fNRB value, usage rate, additionality test type, crediting period, ERR figures) indicate inconsistent project documentation and raise data-reliability concerns
- Baseline reassessment date not stated in any document; the project-specific baseline has no documented refresh cadence
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2021 | 18,893 | 0 | 18,893 | |
| 2022 | 13,878 | 0 | 13,878 | |
| 2023 | 9,817 | 0 | 9,817 | |
| 2024 | 1,648 | 0 | 1,648 | |
| Total | 44,236 | 0 | 44,236 |
Risk Indicators
VVB-confirmed investment test
Energy-efficiency; no reversal events
5% quantified deduction
Project-specific; no reassessment date stated
FPIC, grievance mechanism, benefit sharing documented
CORSIA and CCP status not stated
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