GS1729 Myanmar Stoves Campaign - SLOW LIFE in Myanmar - VPA No. 002

Audit Analysis

The Myanmar Stoves Campaign is a Gold Standard cookstove efficiency project with VVB-confirmed additionality, a quantified 5% leakage deduction, and documented safeguards including FPIC and a grievance mechanism. However, the absence of a stated buffer pool, a project-specific baseline, and a verified ERR figure for the monitoring period create moderate uncertainty. The project delivered roughly 55% of its pro-rata ex-ante expectation for the elapsed monitoring period, indicating a conservative (under-delivery) position that reduces over-crediting risk.

Project Description

Red Flags

• ⚠Crediting period contradiction: the monitoring report references 2015-2017 while the validation report (2023) states 2022-2027, creating ambiguity about which period is active and whether credits from the earlier period are still valid
• ⚠Buffer pool percentage and reversal event history are not stated in any available document, leaving permanence risk unquantified
• ⚠Usage rate was assumed at 100% in the ex-ante estimate but verified at only 84% in the monitoring report, a 16-percentage-point gap that could inflate claimed reductions if not fully corrected
• ⚠Total verified ERR for the monitoring period is not stated in the extracted record, preventing independent verification of the 11,117 tCO₂e claimed figure

Credit Vintages