SKS Go Green

Audit Analysis

SKS Go Green is a VCS transport electrification project (electric buses in Malaysia) verified by RINA, with a confirmed common-practice additionality test and a reasonable 'not applicable' non-permanence assessment. However, the verification report flags a severe ex-ante versus ex-post ERR discrepancy (−92% to −98%), 23 corrective action requests, a grid emission-factor contradiction (0.758 vs 1.75 tCO₂/MWh), and a project-specific baseline with no recorded reassessment, all of which materially weaken confidence in the baseline and data reliability.

Project Description

Red Flags

• ⚠Ex-ante vs ex-post ERR comparison shows negative differences of −92% to −98%, attributed to optimistic ex-ante estimates (verification report, material findings)
• ⚠Grid emission factor contradiction: monitoring report states 0.758 tCO₂/MWh while an appendix states 1.75 tCO₂/MWh — a factor-of-2.3 discrepancy that could materially affect credit quantities
• ⚠23 Corrective Action Requests and 2 Clarification Requests were raised during verification, including inconsistencies in monitoring-period dates, bus fleet numbers, and additionality approach
• ⚠FPIC was not conducted and benefit-sharing is not described in available documents
• ⚠0% buffer pool with no reversal-risk mitigation, although non-permanence is assessed as 'Not Applicable' for this transport project type

Credit Vintages