SMG - Cookstove Program 2

Audit Analysis

The SMG Cookstove Program 2 is a VCS-registered energy-demand project in India with a verified additionality test (combined barrier/investment/activity) confirmed by a reputable VVB, a quantified 5% leakage deduction, and no outstanding corrective actions. However, the project-specific baseline, absence of a stated buffer pool, and several cross-document contradictions (FNRB method, leakage justification, additionality test type) introduce moderate uncertainty. The project is in its first monitoring period (7 of 84 months), so long-term performance remains unproven.

Project Description

Red Flags

• ⚠FNRB method contradiction: the PDD (Oct 2024) specifies local field measurement while the verification report (Oct 2024) records a national default value of 0.8755 — a one-day gap that raises questions about which value was actually applied
• ⚠An unattributed document (no date, no type) reports a total ERR of 634,957, which is roughly 9.5× the verified 66,997 for the first monitoring period — the source and basis of this figure are unclear
• ⚠Baseline is project-specific with no recorded reassessment date; while the 10-year VCS ALM reassessment cadence has not yet been triggered, the absence of any baseline update record is a gap

Credit Vintages

No issuances recorded on the registry.