GS11935 GS11934 RVPA-51 Promoting sustainable use of biomass energy resources in targeted communities
GS-4727 ↗ · current registry ID: GS12751
#683of 1329 in Industrial#75of 101 in Nepal#1032of 1801 in Gold Standard (GS)
Audit Analysis
A Gold Standard cookstove project in Nepal with VVB-confirmed additionality and a quantified 5% leakage deduction, but undermined by a 2010-era baseline survey, an unverified 100% usage rate assumption, no FPIC (per the most recent validation report), and identical claimed/verified ERR figures that suggest no actual monitoring has yet taken place. The project carries moderate over-crediting risk and documentation gaps.
Red Flags
- Baseline survey dates from 2010 — 14 years before the 2024 validation — and the CME explicitly flagged its relevance in FAR 4
- Usage rate assumed at 100% with no verified usage rate reported; the appendix shows a conflicting value of 1, creating ambiguity
- Total ERR claimed and verified are identical (47,333 tCO2e), indicating no independent monitoring verification has occurred
- FPIC recorded as not conducted in the September 2024 validation report, contradicting the November 2023 report
- No buffer pool percentage stated and reversal events explicitly not addressed
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2023 | 1,134 | 0 | 1,134 | |
| 2024 | 2,344 | 0 | 2,344 | |
| Total | 3,478 | 0 | 3,478 |
Risk Indicators
VVB-confirmed combined test
reversal not addressed
5% quantified deduction
Project-specific; 2010 survey, 14 yrs old
Grievance mechanism present; FPIC not conducted
CCP and CORSIA status not stated
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