Luohe Geothermal Based Space Heating System
#799of 1861 in Renewable energy#490of 1181 in China#555of 1233 in Verra (VCS)#4of 10 in AM0072
Audit Analysis
A geothermal space-heating project in Henan, China, replacing coal-fired boilers, with VVB-confirmed additionality and conservative delivery (88% of pro-rata expectation). However, the project-specific baseline, 11 material findings including calculation errors, low extraction confidence, and multiple inter-document contradictions significantly undermine confidence in the credit quality.
Red Flags
- 11 material findings in the 2024 verification report, including use of a fixed 10% loss factor instead of a calculated variable in the ER sheet, incorrect parameter values (Δtj,d,y, ECPJ,j,y), and missing heating load/area data
- Minimum extraction confidence rated 'low', indicating at least one key document was poorly readable, reducing reliability of the extracted record
- Project-specific baseline (coal-fired boilers) rather than a jurisdictional or standardised baseline, with no documented baseline reassessment date
- Verification report incorrectly listed CTI as the VVB instead of CCCI, raising questions about document control and review rigor
- No buffer pool percentage stated and permanence section marked 'N/A' without a detailed risk analysis
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2020 | 158,786 | 12,843 | 145,943 | |
| 2021 | 412,652 | 154,759 | 257,893 | |
| 2022 | 152,107 | 500 | 151,607 | |
| Total | 723,545 | 168,102 | 555,443 |
Risk Indicators
VVB-confirmed combined test
Avoidance project, no buffer pool stated
0% deduction, thin justification, MR contradiction
Project-specific, no reassessment date
Grievance & benefit sharing per 2024 VR, FPIC not conducted
CORSIA excluded, CCP status not stated
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