Improved Cookstove Distribution in Malawi by EKI Phase 01

Audit Analysis

The EKI cookstove project in Malawi has a confirmed additionality assessment and documented safeguards (FPIC, grievance mechanism), but the verification report lists 22 material findings and 9 corrective action requests covering baseline data, fNRB calculation, monitoring methodology, and project boundary gaps. A contradiction between the verification report (0% leakage) and the monitoring report (5% leakage) introduces uncertainty in the credit quantity, and the project-specific baseline with no stated reassessment date adds conservatism concerns. Overall, the project is functional but carries moderate quality and data-reliability risks.

Project Description

Red Flags

• ⚠22 material findings and 9 corrective action requests raised by RINA Services, including missing fNRB calculation details, insufficient baseline survey data, and unclear monitoring methodology
• ⚠Leakage deduction contradiction: verification report states 0% while the monitoring report states 5%, creating uncertainty in the net credit quantity
• ⚠Ex-ante lifetime ERR discrepancy: validation report states 639,162 tCO₂e while the monitoring report states 151,837 tCO₂e, a 76% difference that undermines confidence in the credit ceiling
• ⚠Benefit-sharing description contradicts between the validation report (described) and the verification report (not described)

Credit Vintages