Guizhou Jinsha CMM Power Generation Project

Audit Analysis

The Guizhou Jinsha CMM power generation project has a solid additionality foundation (combined test, legally required capture, VVB-confirmed) but is undermined by five material findings affecting data accuracy, the absence of FPIC and a grievance mechanism, and a thin 0% leakage justification. The project delivered only about 60% of its pro-rata expected emissions reductions for the elapsed monitoring period, raising over-crediting concerns relative to the PDD's lifetime estimate.

Project Description

Red Flags

• ⚠Five material findings in the verification report (generator count, coordinates, electricity price, meter count, and ECPJ data) indicate significant data-quality issues in the project documentation
• ⚠No FPIC conducted and no grievance mechanism in place (per the more recent PDD revision of October 2023)
• ⚠Verified ERR of 504,229 tCO₂e represents only ~60% of the pro-rata expectation (~843,000 tCO₂e) for the 20-month monitoring period against the PDD's 5,060,210 tCO₂e lifetime estimate
• ⚠Leakage deduction of 0% justified only as 'deemed negligible' without quantified analysis, which is thin for a CMM project where flaring or venting could constitute leakage
• ⚠Gas capture legally mandated — additionality in doubt

Credit Vintages