Reduction of GHG emission by energy efficient led lights installation in Ghaziabad Nagar Nigam
#850of 975 in India#1114of 1339 in Verra (VCS)
Audit Analysis
This LED street-lighting project under VCS AMS-II.L is registered and uses a standardized methodology, but the validation report surfaces an unusually high number of material findings (11+ issues, 6 CARs, 8 CLs), including a net-to-gross calculation error, an incomplete additionality cost analysis, and a commenter challenge to the project's financial viability. Six contradictions between the PDD and validation report — including conflicting FPIC status and crediting periods — further erode confidence in the data integrity. The project is low-risk on permanence and leakage grounds (non-AFOLU, LED replacement), but the documentation and claim-accuracy issues are material.
Red Flags
- Eleven or more material findings in the validation report, including a net-to-gross adjustment error in GHG calculations and errors in ex-ante ERR values (OFi,y and Qi,p)
- Commenter challenged financial viability, reporting a loss of INR 1,200 per bulb installation and questioning how the project operated from Dec 2021 to Aug 2023 without revenue
- Six contradictions between the PDD and validation report, including conflicting FPIC status (PDD: conducted; validation: not conducted) and conflicting crediting periods
- Usage monitoring method is 'assumed' rather than measured, and the monitoring period is not stated in the extracted record
- Additionality assessment flagged as incomplete with a missing simple cost analysis and regulatory surplus demonstration
Credit Vintages
No issuances recorded on the registry.
Risk Indicators
Investment test VVB-confirmed but cost analysis incomplete; financial viability challenged
Non-AFOLU project; no inherent reversal risk
0% deduction; deemed negligible — appropriate for LED replacement
Project-specific baseline; reassessment timing not stated
Grievance mechanism present; FPIC status contradicted between PDD and validation report
CORSIA and CCP status both not stated; dual-channel risk not excluded
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