SMG - Nepal Cookstove Program in Terai Region of Himalayas
#68of 150 in Cookstoves#58of 101 in Nepal#738of 1339 in Verra (VCS)#49of 103 in VMR0006
Audit Analysis
A registered VCS cookstove project in Nepal with VVB-confirmed additionality and a quantified 5% leakage deduction, but undermined by a project-specific baseline, 14 corrective action requests during verification, and the absence of a stated buffer pool. The project delivered approximately 95% of its pro-rata ex-ante expectation for the elapsed monitoring period, indicating reasonable but not exceptional performance.
Red Flags
- 14 Corrective Action Requests raised during verification, including inconsistent emission reduction data, non-transparent ER calculations, and gaps in the verification report itself
- Baseline is project-specific rather than jurisdictional, and the last reassessment date is not stated in any document
- Leakage deduction inconsistent across documents: 0% in the PDD versus 5% in the monitoring report, with the validation report stating leakage was 'not addressed'
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2024 | 7,000 | 0 | 7,000 | |
| Total | 7,000 | 0 | 7,000 |
Risk Indicators
VVB-confirmed investment test
mixed evidence / unresolved risk
5% quantified deduction
Project-specific, reassessment date not stated
FPIC, grievance mechanism, safeguards documented
CORSIA and CCP status not stated
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