GS1729 Myanmar Stoves Campaign - Soneva in Myanmar - VPA No. 011

Audit Analysis

This Gold Standard cookstove project in Myanmar presents a concerning integrity profile: the most recent verification report does not confirm additionality, the baseline is project-specific with no reassessment date, no buffer pool is in place, and the leakage treatment is contradictory across documents. The project delivered only about 42% of the pro-rata ex-ante expectation for the elapsed monitoring period, and the assumed 100% usage rate versus a verified ~80% creates a material over-crediting risk. Numerous material findings and corrective actions (over 40 combined) further erode confidence in the MRV calculations.

Project Description

Red Flags

• ⚠Additionality was NOT confirmed by the VVB in the most recent verification report (Nov 2023), contradicting the earlier validation report (Apr 2023) which stated it was verified
• ⚠Usage rate assumed at 100% in the project design but verified at only 79.65% in the monitoring report — a 20-point gap that inflates claimed reductions
• ⚠Leakage treatment is contradictory: the verification report applies a 0% deduction with a 'quantified' justification, while the monitoring report applies a 5% deduction with a 'deemed negligible' justification
• ⚠The project delivered only ~42% of the pro-rata ex-ante expectation for the elapsed monitoring period (6,074 tCO2e verified vs ~14,472 tCO2e expected)

Credit Vintages