GS5658 VPA 18: Water is Life, Madagascar
GS-2649 ↗ · current registry ID: GS10659
#1119of 1329 in Industrial#16of 26 in Madagascar#1570of 1801 in Gold Standard (GS)
Audit Analysis
This Gold Standard energy-efficiency project in Madagascar (Water is Life, VPA 18) presents significant integrity concerns: additionality was not confirmed by the VVB, the baseline is project-specific with no reassessment record, and nine corrective actions were required during verification. The verified ERR for a single monitoring period (54,321 tCO₂e) exceeds the entire lifetime ex-ante estimate (41,170 tCO₂e), raising serious over-crediting risk. While the project benefits from a named VVB, recent monitoring, and a consistent usage rate, the combination of unverified additionality, contradictory leakage treatment, and the ERR discrepancy warrants caution.
Red Flags
- Verified ERR (54,321 tCO₂e) for a single monitoring period exceeds the lifetime ex-ante estimate (41,170 tCO₂e) by 32%, indicating potential over-crediting
- Additionality was not verified by the VVB and no additionality test type is recorded in the available documents
- Nine corrective actions were required during the December 2023 verification, including corrections to baseline calculations, emission factors, and net benefit computations
- Leakage justification is contradictory: the verification report states 'quantified' while the monitoring report states 'deemed negligible', yet the deduction is 0% in both cases
- FPIC was not conducted for this project
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2019 | 3,075 | 3,075 | 0 | |
| 2020 | 9,742 | 9,742 | 0 | |
| 2021 | 9,327 | 9,327 | 0 | |
| 2022 | 7,760 | 5,368 | 2,392 | |
| 2023 | 7,364 | 5,393 | 1,971 | |
| 2024 | 5,512 | 0 | 5,512 | |
| Total | 42,780 | 32,905 | 9,875 |
Risk Indicators
Not verified by VVB; test type not stated
Avoidance-type project
0% deduction; contradictory justification across documents
Project-specific; no reassessment date recorded
Grievance mechanism present; FPIC not conducted
CORSIA and CCP status not stated
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