Proyecto Mirador Enhanced Distribution of Improved Cookstove in Latin America – Fourth VPA for Distribution of Dos por Tres Cookstove in Honduras

Audit Analysis

Proyecto Mirador's fourth VPA for improved cookstove distribution in Honduras is a Gold Standard-registered project with VVB-confirmed additionality and quantified leakage, but is undermined by a 43% gap between claimed and verified emissions reductions, numerous material findings (13) and corrective actions (14) flagged by the verifier, and the absence of a documented buffer pool or permanence mechanism. The project-specific baseline and multiple cross-document contradictions reduce confidence in the underlying data.

Project Description

Red Flags

• ⚠Verified ERR (5,751 tCO2e) is only 57% of the claimed ERR (10,139 tCO2e) for the same monitoring period, indicating a 43% over-claiming gap
• ⚠13 material findings and 14 corrective actions identified by the VVB, including baseline scenario misalignment with methodology sections 3.4/3.5 and a common practice analysis lacking the required CDM TOOL24 step approach
• ⚠FNRB value contradiction: 0.33 (2026 verification report) vs 69 (2019 verification report) — units or basis unclear
• ⚠Leakage deduction inconsistent across periods: 4.7% (2019 VR) vs 1.8% (2026 MR) without clear explanation of the change

Credit Vintages