Ruijing Geothermal Based Space Heating System
#1432of 1861 in Renewable energy#1045of 1181 in China#1050of 1233 in Verra (VCS)#10of 10 in AM0072
Audit Analysis
The Ruijing Geothermal space heating project in Henan, China is a registered VCS project with a verified combined additionality test and a plausible geothermal-replacing-coal concept. However, the verification process produced 20 material findings and 5 corrective actions, the permanence and buffer-pool treatment is essentially absent, FPIC was not conducted, and three key safeguard-related fields are contradicted between two verification reports. The overall quality of the MRV chain is below the level expected for a high-integrity credit.
Red Flags
- 20 material findings in the verification report, including parameter inconsistencies between the monitoring report and the verification report, missing heating-load and electricity-consumption data for the monitoring period, and an incorrect VVB name (CTI vs CCCI)
- Permanence risk analysis states 'N/A' and no buffer-pool percentage is recorded; reversal events are listed as 'not addressed', leaving the non-permanence risk unquantified
- FPIC was not conducted despite the project serving local households in Zhoukou city
- Three safeguard-related fields (grievance mechanism, benefit sharing, safeguards) are contradicted between the June 2023 and October 2023 verification reports
- Total ERR claimed and total ERR verified are identical at 449,913 tCO2e, which is unusual and may indicate the verified figure was simply copied from the ex-ante estimate rather than independently recalculated
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2020 | 166,516 | 0 | 166,516 | |
| 2021 | 437,030 | 437,030 | 0 | |
| 2022 | 263,791 | 263,791 | 0 | |
| Total | 867,337 | 700,821 | 166,516 |
Risk Indicators
VVB-confirmed combined test
N/A stated, no buffer pool recorded
0% deemed negligible, not quantified
Project-specific, not yet due for reassessment
Contradicted between reports, FPIC absent
CORSIA excluded, CCP status not stated
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