Madagascar Fahatokiana Improved Cookstove Program

Audit Analysis

The Madagascar Fahatokiana cookstove project is a registered VCS energy-demand project with VVB-confirmed additionality, no material findings, and a 5% leakage deduction. However, the project-specific baseline, absence of a stated buffer pool, inconsistent leakage justification across documents, and a shift in FNRB methodology from local field to national default introduce moderate integrity and claim-safety concerns. The project over-delivered relative to its pro-rata expectation, and CORSIA ineligibility is confirmed, but CCP status remains unverified.

Project Description

Red Flags

• ⚠Leakage justification is contradictory: the monitoring report (May 2025) describes it as quantified, while the later verification report (July 2025) states it was not addressed, despite a 5% deduction being applied
• ⚠FNRB methodology shifted from local field measurement (validation report, Oct 2023) to national default (monitoring report, May 2025) without a clear documented rationale in the extracted record
• ⚠No buffer pool percentage is stated in any available document, leaving permanence risk for cookstove avoidance credits unquantified
• ⚠Additionality test type is not specified in any document, even though the VVB confirmed additionality
• ⚠CCP status is not stated in any available document, leaving dual-channel risk unassessed

Credit Vintages