International Lifeline Fund Uganda CPA1 (ILFUg01)

Audit Analysis

This Gold Standard cook-stove project (AMS-II.G) has a VVB-confirmed combined additionality test and a quantified 5% leakage deduction, but is undermined by 12 material findings and 10 corrective actions identified in the verification report, significant contradictions in FNRB values and lifetime ERR figures across documents, and a pro-rata delivery of only ~11% of the expected emissions reductions for the elapsed monitoring period. The project's data reliability is compromised by inconsistent calculations and methodological discrepancies between the PDD, validation report, and verification report.

Project Description

Red Flags

• ⚠12 material findings and 10 corrective actions in the verification report, including CER calculation spreadsheet errors, inconsistent ER figures, and unclear sampling methodology
• ⚠FNRB value contradiction: 0.915 in the verification report (2014) versus 88 in the validation report (2020) — a discrepancy of nearly two orders of magnitude if not a unit/percentage representation error
• ⚠Pro-rata delivery of only ~11% of the lifetime ex-ante expectation for the 6-month monitoring period (4,052 verified vs ~37,234 expected), raising questions about the validity of the lifetime estimate or project deployment pace
• ⚠No buffer pool percentage or reversal event data found in any available document, leaving permanence risk unquantified
• ⚠Usage rate assumed at 100% in the ex-ante estimate but verified at only 95%, indicating a 5% over-claim in the baseline assumptions

Credit Vintages