Renewable Energy Project By LNB Group

Audit Analysis

A registered VCS renewable energy project in India with a confirmed investment-test additionality and a 98.5% verification-to-claim ratio, but undermined by a 0% leakage deduction with no stated justification, a baseline-method contradiction between the PDD and the verification report, and an unexplained six-fold discrepancy in claimed emission reductions between the monitoring report and its appendix. The extensive list of corrective actions (all closed) and medium extraction confidence further temper confidence in the data quality.

Project Description

Red Flags

• ⚠Claimed emission reductions of 44,788 in the monitoring report versus 296,691 in the appendix (both dated 2025-03-18) — a 6.6× discrepancy that is unexplained and raises over-crediting risk.
• ⚠Leakage deduction of 0% with the justification recorded as 'not addressed' in the 2024 verification report, while the monitoring report claims it was 'quantified' — an unresolved contradiction that leaves the leakage treatment unverified.
• ⚠Baseline method recorded as 'project-specific' in the 2020 verification report but 'jurisdictional' in the 2015 PDD — the applicable baseline approach is ambiguous.
• ⚠Eleven or more corrective actions were raised in the 2024 verification cycle, including missing meter calibration records, missing bills for cross-checking net electricity, and inconsistent vintage-wise calculations, indicating significant MRV documentation gaps.
• ⚠Crediting period stated as 2013–2023 in the 2023 verification report but 2023–2033 in the 2025 monitoring report, creating uncertainty about which period the current monitoring data belongs to.

Credit Vintages