GS2504 - Voluntary Gold Standard multi-country improved cookstove PoA - Oserian Flower Farm Offset Project 1 - Inkoirienito and Oltepesi

Audit Analysis

This Gold Standard cookstove PoA project has a confirmed investment additionality test and a quantified 5% leakage deduction, but is severely undermined by a four-fold gap between the assumed usage rate (95%) and the most recently verified rate (25%), raising serious over-crediting concerns. Ten material findings and six corrective actions in the verification report indicate significant MRV and documentation weaknesses. The absence of a lifetime ex-ante ERR estimate prevents a reliable pro-rata delivery check.

Project Description

Red Flags

• ⚠Usage rate assumed at 95% in the methodology but verified at only 25% in the May 2020 monitoring report — a four-fold overstatement that directly inflates claimed emissions reductions
• ⚠Ten material findings and six corrective actions in the 2016 verification report, including missing questionnaires, missing project database, and an ER formula error requiring rounding-down correction
• ⚠No lifetime ex-ante ERR estimate found in any available document, making it impossible to verify whether verified reductions are consistent with the original project design
• ⚠Crediting period is inconsistent across documents: the 2016 verification report shows an open-ended period from 2013, while the 2020 validation report specifies 2020-07-14 to 2027-07-13

Credit Vintages