SK Electlink EV Charging Carbon Offset Project
#4of 24 in South Korea#234of 1339 in Verra (VCS)#2of 15 in VM0038
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
VVB-verified combined test
no reversals reported
0% deduction; justification inconsistent across docs
Project-specific; reassessment date not stated
FPIC, grievance mechanism, safeguards documented
CORSIA and CCP status not stated
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