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VCSEnergy industries (renewable/non-renewable sources); TransportSouth Korea Registry: RegisteredVM0038

SK Electlink EV Charging Carbon Offset Project

VCS-5419 ↗

#4of 24 in South Korea#234of 1339 in Verra (VCS)#2of 15 in VM0038

5.9/ 10
Integrity
6.0
Transparency
6.0
Claim Safety
5.5
Documentation
6.5

Audit Analysis

The SK Electlink EV Charging project is a grid-based transport-sector offset with a VVB-verified combined additionality test and no material findings, but it carries moderate over-crediting risk due to a 0% leakage deduction, a project-specific baseline, and an ambiguous relationship between the claimed and verified ERR figures. Documentation is reasonably comprehensive and recent, though the absence of a stated buffer pool and unresolved contradictions between PDD versions temper confidence.

Red Flags

  • Total ERR claimed in the January 2025 PDD (71,258 tCO2e) differs by 36% from the November 2025 PDD (45,404 tCO2e); the basis for the revision is not explained in the extracted record.
  • Leakage justification is inconsistent: the monitoring report states leakage was 'quantified' while the PDD characterises it as 'deemed negligible,' yet the deduction in both cases is 0%.

Credit Vintages

No issuances recorded on the registry.

Risk Indicators

Additionality

VVB-verified combined test

Permanence

no reversals reported

Leakage

0% deduction; justification inconsistent across docs

Baseline

Project-specific; reassessment date not stated

Safeguards

FPIC, grievance mechanism, safeguards documented

Double-claim

CORSIA and CCP status not stated

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Analysis ProvenanceScored2026-09-03VM0038

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