Sustainable City Projects at India’s Cleanest City- Indore

Audit Analysis

A VCS-registered renewable energy and waste project in Indore, India, with VVB-confirmed additionality and a quantified (0%) leakage deduction, but notable gaps in permanence safeguards (no buffer pool, reversal risk listed as 'NA'), missing FNRB and usage-rate data, and a low extraction confidence across the document set. The project delivered roughly 70% of its pro-rata annual expectation for the 2021 monitoring period, a conservative outcome attributed to reduced waste intake during the pandemic.

Project Description

Red Flags

• ⚠Non-permanence risk analysis in the verification report lists 'NA' for all risk categories and no buffer pool percentage is stated, leaving reversal risk effectively unaddressed for a 10-year crediting period.
• ⚠Minimum extraction confidence across the 20-document set is rated low, meaning at least one key document was poorly readable and some parameters (FNRB, usage monitoring, CORSIA eligibility) could not be confirmed.
• ⚠The PDD (2019) characterises leakage as 'deemed negligible' while the verification report (2022) states it was 'quantified' — an inconsistency in how the 0% deduction is justified across documents.
• ⚠Ten corrective action requests and five clarification requests were raised during verification, including a cross-check mechanism inconsistency for solar electricity generation and missing double-counting declarations.

Credit Vintages