Replacement of ICLs by LED lamps in India
#493of 975 in India#619of 1339 in Verra (VCS)#7of 14 in AMS-II.C
Audit Analysis
A VCS-registered LED lamp replacement project in India with a VVB-confirmed investment additionality test and no inherent reversal risk, but limited by the absence of any monitoring or verification data, an assumed (not measured) usage rate, and a project-specific baseline. Four contradictions between the PDD and validation report—most notably a 5.5 vs 2007.5 usage-rate discrepancy (likely a daily-vs-annual unit mismatch) and a shift from 'annual survey' to 'assumed' monitoring—introduce data-reliability concerns that temper confidence in the claimed 537,990 tCO₂e lifetime estimate.
Red Flags
- Usage-rate contradiction: the PDD (2022-03-16) records 2007.5 while the validation report (2023-02-03) records 5.5; although likely a daily-vs-annual unit difference, the inconsistency was not explicitly reconciled in the documents.
- Usage monitoring method changed from 'annual survey' in the PDD to 'assumed' in the validation report, meaning the key operating-hours parameter is not being independently measured.
- No monitoring report or verified ERR figure is available; the 537,990 tCO₂e claim rests entirely on ex-ante modelling.
- Low extraction confidence across the document set, indicating at least one key document was poorly readable or incomplete.
Credit Vintages
No issuances recorded on the registry.
Risk Indicators
VVB-confirmed investment test
Energy efficiency – no reversal risk
0% deemed negligible, not quantified
Project-specific, no reassessment data
Grievance mechanism present, FPIC not stated
CORSIA and CCP status not stated
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