TIST Program in Uganda, VCS-CCB 011

Audit Analysis

The TIST cookstove project in Uganda has a VVB-confirmed additionality assessment and a 10% buffer pool with no reported reversals, but is undermined by a critical discrepancy in lifetime ex-ante ERR figures (676,317 vs 5,139,342 tCO₂e) between two verification reports issued four days apart, a Forward Action Request on double counting across TIST projects, and over 15 material findings requiring corrective action. The 0% leakage deduction rests on a thin 'deemed negligible' justification, and multiple key MRV parameters remain unreported.

Project Description

Red Flags

• ⚠Lifetime ex-ante ERR differs by a factor of 7.6 between two verification reports dated 2024-06-13 (5,139,342 tCO₂e) and 2024-06-17 (676,317 tCO₂e), a discrepancy the VVB itself flagged as making ERR accuracy unclear
• ⚠A Forward Action Request was raised regarding double-counting risk across multiple TIST projects in Uganda, with a corrective action requiring a standardized data management system to prevent dual issuance
• ⚠Verified ERR of 720,666 tCO₂e over ~17.3 years represents approximately 370% of the pro-rata expectation derived from the more recent ex-ante lifetime figure of 676,317 tCO₂e over a 60-year crediting period, raising over-crediting concerns
• ⚠16 corrective actions remain open, including KML file inconsistencies, incorrect tool versions, and unclear financial viability justification in the non-permanence risk report

Credit Vintages