SMG - Cookstove Program 3
#7of 150 in Cookstoves#94of 975 in India#82of 1339 in Verra (VCS)#7of 103 in VMR0006
Audit Analysis
SMG Cookstove Program 3 is a VCS-registered energy-demand project in eastern India using methodology VMR0006 v1.2, verified by Applus+ Certification. Additionality was confirmed via a combined test and leakage is quantified at 5%, but the project-specific baseline lacks a stated reassessment date and the buffer pool percentage is not documented. The first monitoring period shows 130% of the pro-rata ex-ante expectation, indicating no over-crediting risk.
Red Flags
- Baseline last reassessment date is not found in the extracted record; the project-specific baseline has no documented refresh schedule
- CORSIA eligibility and CCP status are both unstated, leaving dual-channel double-claiming risk unassessed
- Nine compliance-level findings and four corrective actions were raised during verification (all resolved), indicating initial documentation gaps in fNRB justification, stakeholder consultation evidence, and parameter documentation
Credit Vintages
No issuances recorded on the registry.
Risk Indicators
Combined test, VVB-confirmed
Avoidance project, no reversal risk
5% quantified deduction
Project-specific, no reassessment date
Grievance mechanism present, FPIC unstated
CORSIA and CCP status unstated
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