GS1247 VPA 150 Southern Ethiopia Community Safe Water
GS-1447 ↗ · current registry ID: GS6784
#1142of 1329 in Industrial#29of 36 in Ethiopia#1595of 1801 in Gold Standard (GS)
Audit Analysis
This Gold Standard safe-water project in Southern Ethiopia has VVB-confirmed additionality and no reversal events, but is undermined by a project-specific baseline, absence of a buffer pool, a 0% leakage deduction, and a 2023 verification that found actual reductions at only 45% of the ex-ante estimate. The 2026 verification period shows claimed and verified figures aligned at 4,660 tCO₂e, yet the extensive list of corrective actions, open findings, and a remote-only audit (no on-site inspection) raise material concerns about the robustness of the MRV system.
Red Flags
- 2023 verification found actual emission reductions (7,372 tCO₂e) at only 45% of the ex-ante estimate (16,257 tCO₂e), indicating significant over-estimation in the baseline model
- No on-site inspection was conducted for the 2026 verification due to COVID-19 interim measures; a remote audit was performed instead
- No buffer pool is in place to cover potential reversals or under-delivery, and the 0% leakage deduction relies on the assumption that displaced technologies have no market value
- Five open findings (FAR 01–05) remain unresolved at the VPA level, including SDG indicator evaluation and fNRB reporting
- Minimum extraction confidence is rated low, indicating at least one key document was poorly readable, reducing reliability of the extracted data
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2017 | 2,324 | 2,324 | 0 | |
| 2018 | 10,000 | 10,000 | 0 | |
| 2019 | 4,795 | 4,795 | 0 | |
| 2020 | 7,302 | 2,818 | 4,484 | |
| 2021 | 4,836 | 4,836 | 0 | |
| 2022 | 3,520 | 304 | 3,216 | |
| 2023 | 802 | 0 | 802 | |
| Total | 33,579 | 25,077 | 8,502 |
Risk Indicators
VVB-confirmed combined test
no reversals but no safety net
0% deduction; justified but no margin
Project-specific; reassessed 2024; 2023 over-estimation
FPIC, grievance mechanism, benefit sharing documented
CORSIA and CCP status both unstated
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