GS1247 VPA 312 Guatemala Improved Cookstoves Project

Audit Analysis

The Guatemala Improved Cookstoves project has a solid core design — VVB-confirmed additionality via a combined test, a 5% quantified leakage deduction, a conservative national-default fNRB of 0.69, and no reversal events — but is significantly undermined by eleven cross-document contradictions, a very long list of open material findings and corrective actions, and a PDD dating to 2013. The verified ERR for the 2023–2024 monitoring period (20,172 tCO₂e) equals the claimed figure, and the verified usage rate (0.93) exceeds the assumed rate (0.90), which is reassuring, yet the project delivered only about 58% of the pro-rata expectation derived from the 86,557 tCO₂e lifetime estimate in the validation report. Overall, the project is functional but carries elevated data-reliability risk.

Project Description

Red Flags

• ⚠Eleven contradictions across documents, including fNRB (0.69 vs 0.30), leakage deduction (5% vs 0%), ERR (20,172 vs 86,557), and crediting period (2020–2025 vs 2025–2030), indicating poor document control
• ⚠Forty-plus material findings and corrective actions remain on record, with five FARs (FAR 01–05) still open at the time of the latest verification
• ⚠The PDD is dated 2013, nearly a decade before the current crediting period, raising questions about whether the project design has been adequately updated
• ⚠CORSIA eligibility and CCP status are both not stated in the extracted record, leaving dual-channel risk unassessed

Credit Vintages Exhausted