GS11677 GS11902 Malawi Biomass Energy Conservation Programme CPA 4

Audit Analysis

A Gold Standard improved-cookstove programme in Malawi with VVB-confirmed additionality, a quantified 5% leakage deduction, and no reported reversal events. However, seven cross-document contradictions—including a five-fold discrepancy in claimed ERR between the PDD and the verification report, conflicting additionality test types, and an unexplained exact match between claimed and verified figures—undermine confidence in the data. The project-specific baseline, absence of a buffer pool, and unresolved CORSIA/CCP status leave meaningful residual risk.

Project Description

Red Flags

• ⚠The PDD (2023-08-17) reports a claimed ERR of 26,328 while the verification report (2023-08-23) reports 1,534,828 — a ~58× discrepancy that is not explained in the extracted record.
• ⚠Claimed and verified ERR are identical (1,534,828), which is atypical and may indicate the verification simply confirmed the project's own figure rather than independently recalculating it.
• ⚠CORSIA eligibility and CCP status are both not stated, leaving dual-channel / double-claiming risk unassessed.
• ⚠The verification report describes leakage as 'quantified' (5% deduction) while a later appendix (2024-03) describes it as 'deemed negligible' — an unresolved contradiction that affects the integrity of the deduction.

Credit Vintages