Hunan Guanbaodu-Liangjiangkou Small-scale Hydropower Bundle Project
Score Breakdown
Integrity
verified Additionality was confirmed by the VVB, and the project uses a combined additionality test under ACM0002.
missing Leakage is marked as not addressed in the latest record, and reversal risk is also not clearly addressed.
Transparency
verified The monitoring period is stated for 2024, and the verification report identifies CCSC as the VVB.
missing Reported ERs differ materially between claimed and verified amounts, and the usage monitoring method relies on self-reporting.
Claim Safety
verified The baseline was reassessed in 2023, which is better than an outdated or missing baseline review.
missing The project is marked CORSIA-eligible, which keeps dual-channel claim risk open, and the leakage justification is not addressed.
Documentation
verified A relatively large set of documents was used, and the record includes a named VVB and recent dates.
missing The extraction confidence is only medium, and the verification record contains many corrective actions and clarifications.
Detailed Analysis
Integrity
The project scores moderately because the verification report confirms additionality and the baseline was last reassessed in 2023, which supports methodological credibility. On the other hand, leakage is not addressed in the latest extracted facts, the reversal situation is not clearly managed, and the project record includes many corrective actions and clarifications, all of which weaken confidence in the underlying integrity controls.
Transparency
Transparency is mixed: the monitoring period for 2024 is stated, the VVB is identified as CCSC, and the project has quantified claimed and verified issuance figures. But the usage monitoring method is self-report, the verified and claimed ER totals differ substantially, and the extracted record does not provide a clear public-facing explanation for the discrepancy.
Claim Safety
Claim safety is weakened by the combination of a project-specific baseline, leakage not being addressed, and CORSIA eligibility being true, which leaves room for dual-market claim concerns. The baseline reassessment in 2023 is a positive sign, but the contradiction on CORSIA eligibility versus earlier records suggests the claim environment has changed and needs careful scrutiny.
Documentation
Documentation quality is only moderate. The record shows many source documents were used and the VVB is named, but the extraction confidence is medium rather than high, and the verification process generated numerous corrective actions and clarifications. That combination suggests the file is substantial but not clean or fully easy to audit.
Overall
I privileged the more recent facts for leakage, reversal treatment, CORSIA eligibility, and the crediting period, because they appear to come from later documents and are more relevant to current claim risk. I also privileged the later additionality test type and the later verified issuance figure, while noting that the older documents point to different values; these contradictions reduce reliability and pull the score down. The main issue is not a single fatal flaw but a pattern of unresolved inconsistencies, weak leakage treatment, and a heavy corrective-action burden, which keeps the project in the middle range rather than the high-confidence range.
Audit Analysis
This project has some strengths: the VVB confirmed additionality, a recent baseline reassessment is noted, and no reversal events are reported as actual occurrences. However, several key risk controls are weak or unclear, especially leakage treatment, the use of self-reported usage monitoring, and a large set of corrective actions and clarifications in the verification record.
Project Description
Developer: Climate Bridge (Shanghai) Ltd. Type: Small, Low - Impact Hydro Size: Small Scale Methodology: ACM0002 Grid-connected electricity generation from renewable sources Crediting period: 2009-01-01 → 2029-12-31 Estimated annual credits: 12930 tCO2e SDGs: Goal 7: Affordable and Clean Energy, Goal 13: Climate Action, Goal 5: Gender Equality, Goal 8: Decent Work and Economic Growth
Red Flags
- The verification record lists many corrective actions and clarifications, which suggests material documentation or implementation issues.
- Leakage is not really addressed in the latest extracted facts, and reversal risk is described as not addressed rather than clearly managed.
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2009 | 16,471 | 16,471 | 0 | |
| 2010 | 15,631 | 15,631 | 0 | |
| 2011 | 15,082 | 15,082 | 0 | |
| 2012 | 21,527 | 21,527 | 0 | |
| 2013 | 21,050 | 21,050 | 0 | |
| 2014 | 17,020 | 17,020 | 0 | |
| 2015 | 20,424 | 20,424 | 0 | |
| 2016 | 12,816 | 12,816 | 0 | |
| 2017 | 12,843 | 12,843 | 0 | |
| 2018 | 10,282 | 10,282 | 0 | |
| 2019 | 14,216 | 14,216 | 0 | |
| 2020 | 16,636 | 16,636 | 0 | |
| 2021 | 12,202 | 11,958 | 244 | |
| 2022 | 13,466 | 13,449 | 17 | |
| 2023 | 4,747 | 0 | 4,747 | |
| Total | 224,413 | 219,405 | 5,008 |
Cosa migliorerebbe questo punteggio
- Provide a clear, quantified leakage assessment and explain why the chosen deduction is appropriate for this project type.
- Resolve the contradictory issuance, eligibility, and baseline records in a single reconciled document signed off by the VVB.
Questi suggerimenti indicano quali prove pubbliche aggiuntive potrebbero migliorare il livello di confidenza di questa valutazione. Non garantiscono un punteggio futuro più alto.
Risk Indicators
VVB-confirmed combined test
No reversal events, but risk not clearly addressed
Leakage not addressed
Project baseline with reassessment timing known
FPIC and grievance mechanism documented
CORSIA-eligible; CCP status not stated
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Registry Documents
monitoring
- Monitoring Report_7th monitoring period_01.01.2018 to 31.12.2018_v2.pdf
- Monitoring Report_1st monitoring period_01.01.09 to 31.12.10_v2.5.pdf
- GS835-Project-Annual-Report-2024.pdf
- 20240124_GS4GG Final VER Report_Guanbaodu Hydro 11th_clean.pdf
- Monitoring Report_4th monitoring period_01.08.13 to 31.07.14_v1.1.pdf
- Monitoring Report_8th monitoring period_01.01.2019 to 31.12.2019_v3.pdf
- +11 more
validation
- GS835-Guanbaodu bundled_9th FVeR_20200101-20201231_V02.pdf
- 03-Guanbaodu_GS-ER-Guanbaodu bundled_11th verification_ER.xlsx
- 04-Guanbaodu_GS835_ VAL FVR_3rdCP_20230223_clean.pdf
- Verification Report_4th monitoring period_01.08.13 to 31.07.14_v2.0.pdf
- Verification Report_8th monitoring period_01.01.2019 to 31.12.2019_v1.pdf
- Verification Report_6th monitoring period_01.01.2016 to 31.12.2017_v1.pdf
- +6 more
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