Solid Waste Management Project at Moradabad

Audit Analysis

The Moradabad solid waste management project (VCS-3282, ACM0022) has a VVB-confirmed investment additionality test and a registered status, but is undermined by a project-specific modeled baseline, a 0% leakage deduction justified only as 'deemed negligible,' and eight material findings that required corrections to baseline logic and ex-ante emission estimates. The verified ERR for the 1.5-year monitoring period (25,082 tCO₂e) represents only about 20% of the pro-rata expectation derived from the PDD's lifetime ex-ante estimate, indicating significant under-delivery relative to the original claim. Multiple data gaps (CORSIA/CCP status, FNRB method, usage monitoring) and a 34% discrepancy between two verification reports on the same ERR figure reduce confidence in the project's data integrity.

Project Description

Red Flags

• ⚠Two verification reports (May 2024 and July 2024) report materially different verified ERR figures (38,388 vs 25,082 tCO₂e) for what appears to be the same monitoring period, a 34% discrepancy that undermines data reliability
• ⚠The PDD ex-ante lifetime estimate (823,361 tCO₂e) is 57% higher than the figure in the May 2024 verification report (525,106 tCO₂e), suggesting the original claim was significantly overstated
• ⚠Leakage deduction is 0% with only a 'deemed negligible' justification; the material findings note compost is used for soil application, but no quantitative leakage analysis is provided
• ⚠Eight corrective action requests (CAR 01–08) were raised in the verification report, covering missing metering calibration certificates, missing no-double-accounting declaration, missing grievance register, and missing supporting documents for GHG calculations, yet the corrective_actions_required field is empty in the extracted record
• ⚠CORSIA eligibility and CCP status are both not stated in any available document, leaving dual-channel risk unassessed

Credit Vintages