RBML (Reliance BP Mobility Limited) EV Charging Infrastructure Project

Audit Analysis

The RBML EV charging project has a confirmed additionality assessment and no material findings, but the verified emissions reductions (2,888 tCO₂e over ~2 years) represent only about 0.6% of the pro-rata expectation derived from the lifetime ex-ante estimate of 2.29 million tCO₂e, raising serious over-crediting concerns. Contradictions in the PDD versions regarding ERR figures, grid emission factors, and leakage treatment further undermine confidence in the project's quantitative claims.

Project Description

Red Flags

• ⚠Verified ERR of 2,888 tCO₂e over a ~2-year monitoring period is only ~0.6% of the pro-rata expectation (~458,207 tCO₂e) derived from the 2.29 million tCO₂e lifetime estimate — a 99.4% shortfall that suggests the ex-ante estimate was wildly optimistic or the project is severely underperforming
• ⚠The PDD was revised between May 2024 and February 2025, reducing the lifetime ERR estimate from 10.68 million to 2.29 million tCO₂e and the grid emission factor from 0.931 to 0.727, indicating a major re-scoping of the project design
• ⚠Leakage treatment is contradictory: the monitoring report (March 2024) states leakage was quantified, while the validation report (February 2025) states it was not addressed, yet the deduction is 0%

Credit Vintages