Nam Pha Gnai Hydropower Project
Score Breakdown
Integrity
verified Additionality was based on an investment test and was confirmed by the VVB, which supports the project’s core eligibility case.
missing Leakage is not addressed in the monitoring report, reversal events are not addressed, and the project had three CARs plus one CL, indicating unresolved robustness issues.
Transparency
verified The monitoring period, registry, methodology, methodology version, and VVB name are stated, giving a basic audit trail.
missing Total claimed versus verified emission reductions are not stated, and key monitoring details such as usage monitoring and FNRB treatment are missing.
Claim Safety
verified The project uses ACM0002 with a project baseline, and safeguards such as FPIC, grievance mechanism, and benefit sharing are documented.
missing Leakage justification is not addressed in the monitoring record, and no verified issuance figures are available to check for over-crediting.
Documentation
verified Multiple official document types were available, and the VVB is named, which supports traceability.
missing The extraction confidence is only medium, one document was poorly readable, and the monitoring report contains several corrective actions, reducing documentation quality.
Detailed Analysis
Integrity
The project’s additionality case is stronger than average because the monitoring record says an investment test was used and that the VVB confirmed it. However, leakage is not addressed in the monitoring report, reversal events are also not addressed, and the project had three corrective action requests plus one clarification, which weakens confidence in overall environmental integrity.
Transparency
The record identifies the VVB, monitoring period, registry, methodology, and methodology version, which helps with basic traceability. But the extracted facts do not state total claimed or verified emission reductions, and usage monitoring plus FNRB treatment are not found in the available documents, leaving important MRV gaps.
Claim Safety
Claim safety is constrained by the lack of verified issuance data and by the unresolved leakage treatment in the monitoring record. The project appears to use a project-specific baseline under ACM0002, and safeguards are documented, but the absence of quantified verification results makes over-crediting risk harder to rule out.
Documentation
Documentation is moderately complete because several official documents were used and the VVB is identified. Still, the extraction confidence is only medium, one source was poorly readable, and the presence of multiple corrective actions suggests the documentation package was not fully clean or complete.
Overall
Overall, this is a mid-quality project record with a credible additionality claim but meaningful weaknesses in MRV completeness and issue resolution. I privileged the monitoring report’s later statement that leakage and reversal issues are not addressed over the older PDD language suggesting negligible leakage, because the monitoring report is more recent and more operationally relevant. I also privileged the monitoring report’s later crediting-period dates over the older PDD dates for the same reason, and the contradictions reduce reliability enough to keep the score in the middle range.
Audit Analysis
This is a hydropower project with VVB-verified additionality and documented safeguards, but the record has important gaps around leakage, reversals, and quantified issuance/verification results. Several corrective actions and material findings were reported, which lowers confidence in the robustness of the crediting claims.
Project Description
Developer: Swiss Carbon Assets Ltd. Type: Small, Low - Impact Hydro Size: Large Scale Methodology: ACM0002 Grid-connected electricity generation from renewable sources Crediting period: 2019-09-01 → 2026-08-31 Estimated annual credits: 62184 tCO2e SDGs: Goal 7: Affordable and Clean Energy, Goal 8: Decent Work and Economic Growth, Goal 13: Climate Action
Red Flags
- Leakage is not addressed in the monitoring record, despite a prior document reportedly describing it as negligible.
- The project has multiple material findings and corrective actions, and the record does not show verified emission reductions for the monitoring period.
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2019 | 23,869 | 0 | 23,869 | |
| 2020 | 80,169 | 0 | 80,169 | |
| 2021 | 80,791 | 78,984 | 1,807 | |
| 2022 | 75,423 | 74,894 | 529 | |
| 2023 | 53,004 | 51,944 | 1,060 | |
| Total | 313,256 | 205,822 | 107,434 |
Cosa migliorerebbe questo punteggio
- Publish a complete monitoring statement with verified emission reductions, leakage treatment, and any issuance or retirement figures for the monitoring period.
- Resolve all corrective actions and provide a clear, dated explanation for reversal risk, baseline updates, and the apparent differences between the PDD and monitoring report.
Questi suggerimenti indicano quali prove pubbliche aggiuntive potrebbero migliorare il livello di confidenza di questa valutazione. Non garantiscono un punteggio futuro più alto.
Risk Indicators
VVB-confirmed investment test
reversal risk not addressed
leakage not addressed in monitoring
project baseline, reassessment missing
FPIC and grievance mechanism documented
CORSIA/CCP status not stated
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