Improved Woodstove Project 3 in Udaipur

Audit Analysis

The Udaipur woodstove project has solid additionality (VVB-verified combined test) and good safeguards (FPIC, grievance mechanism), but is undermined by a project-specific baseline, a 0% leakage deduction with contradictory justifications across documents, and a serious FNRB discrepancy (0.849 vs 0.0156 tCO₂e/kg) that raises material over-crediting risk. The claimed 2025 reduction of 23,451 tCO₂e represents roughly 230% of the pro-rata annual expectation from the 50,953 tCO₂e lifetime ex-ante estimate, warranting further scrutiny.

Project Description

Red Flags

• ⚠FNRB value contradicts itself within monitoring reports: 0.849 tCO₂e/kg (June 2025) vs 0.0156 tCO₂e/kg (February 2025) — a 54× discrepancy that, if unresolved, could indicate either a data-entry error or a fundamental miscalculation of emission factors
• ⚠Leakage justification is inconsistent: the verification report (June 2025) states leakage was 'quantified' while the monitoring report (June 2025) calls it 'deemed negligible,' yet the actual deduction is 0% in both cases
• ⚠Claimed 2025 reduction (23,451 tCO₂e) is approximately 230% of the pro-rata annual expectation (~10,191 tCO₂e) derived from the 50,953 tCO₂e five-year ex-ante estimate, suggesting either a very conservative baseline or potential over-crediting
• ⚠Total ERR ex-ante lifetime differs by 5× between the PDD (254,765 tCO₂e, 2023) and the monitoring report (50,953 tCO₂e, 2025), likely reflecting different crediting periods but creating confusion in the record

Credit Vintages