Turu EV Charging Network Project

Audit Analysis

The Turu EV Charging Network is a VCS-registered project in South Korea using grid electricity for EV charging, with a VVB-confirmed combined additionality test and jurisdictional baseline. However, the project delivered only about 11% of its pro-rata ex-ante expectation for the first monitoring period, multiple material findings required corrective action (including removal of 4,187 chargers), and key permanence and eligibility parameters remain unstated. The project is structurally sound but carries moderate data-reliability and delivery-risk concerns.

Project Description

Red Flags

• ⚠Verified emissions reductions (25,418 tCO2e) represent only ~11% of the pro-rata ex-ante expectation (~223,000 tCO2e) for the 21-month monitoring period, raising questions about the validity of the lifetime estimate of 1,372,293 tCO2e
• ⚠4,187 chargers were removed in response to a VVB comment (CL#3) regarding pre-start-date electricity delivery, indicating initial scoping errors
• ⚠Contradictions exist between the validation report and PDD on baseline method (jurisdictional vs. project) and between the monitoring report and PDD on leakage justification (quantified vs. deemed negligible)
• ⚠CCP approval status and CORSIA eligibility are not stated in any available document

Credit Vintages