GS11677 GS11902 Malawi Biomass Energy Conservation Programme CPA 6

Audit Analysis

A Gold Standard improved-cookstove project in Malawi with VVB-confirmed additionality and a quantified 5% leakage deduction, but undermined by seven cross-document contradictions, the absence of a buffer pool, a project-specific baseline with no recorded reassessment date, and a significant gap between the assumed daily-use rate and the verified 76.8% usage rate. The extensive documentation set (32 documents) is offset by recurring CDM-terminology errors, formatting inconsistencies, and medium extraction confidence.

Project Description

Red Flags

• ⚠Seven contradictions across documents, including a 12× discrepancy in the claimed ERR between the PDD (26,328) and the verification report (1,534,828), and a usage-rate assumption that shifted from 66.96% to 365 days between two PDD versions
• ⚠No buffer pool is in place and no permanence mechanism is documented, leaving reversal risk unmitigated
• ⚠Usage rate assumed at 365 days (100% daily use) in the PDD versus a verified rate of 76.78%, a 23-percentage-point gap that inflates ex-ante estimates
• ⚠Leakage justification is contradictory: the verification report states 'quantified' (consistent with the 5% deduction) while a 2024 appendix describes it as 'deemed negligible'
• ⚠CORSIA eligibility and CCP status are both unstated, leaving dual-channel risk unassessed

Credit Vintages