Up Energy Improved Cookstoves Programme, Uganda – CPA No 019

Audit Analysis

The Up Energy Improved Cookstoves Programme in Uganda has a sound core methodology with VVB-verified additionality, a quantified 5% leakage deduction, and no reported reversal events. However, the project is significantly undermined by 12 cross-document contradictions, 18+ material findings, 18 corrective actions, the absence of a buffer pool, and a verified delivery rate of roughly 336% of the pro-rata ex-ante expectation for the elapsed monitoring period, raising over-crediting concerns.

Project Description

Red Flags

• ⚠Verified ERR of 119,997 tCO₂e in ~7 months represents ~336% of the pro-rata ex-ante expectation (~35,700 tCO₂e) for the elapsed period, implying the lifetime estimate of 314,860 tCO₂e would be exhausted in roughly 1.5 years of the 5-year crediting period
• ⚠12 contradictions across documents, including conflicting ERR figures (119,997 vs 136,398 vs 159,978), FNRB values (0.39 vs 0.82), leakage deductions (5% vs 0.95%), and FPIC status (false vs true)
• ⚠18+ material findings and 18 corrective actions identified in the verification report, including discrepancies in monitoring survey records, circular references in ex-ante ER values, and inconsistent CDM crediting start dates
• ⚠CORSIA eligibility not stated in any available document, leaving dual-channel risk unassessed

Credit Vintages