Up Energy Improved Cookstoves Programme, Uganda – CPA No 040 supported by Republic of Korea

Audit Analysis

The Up Energy Improved Cookstoves project in Uganda has a solid additionality foundation (combined test, VVB-verified) and a quantified 5% leakage deduction, but is undermined by a project-specific baseline, absence of a stated buffer pool, and a 26-fold discrepancy between the ex-ante lifetime ERR (≈113,098 tCO₂e) and the 2022 verified ERR (600,815 tCO₂e) drawn from a prior crediting period. Multiple corrective actions and material findings, together with unresolved CORSIA/CCP status, limit confidence in the credit's robustness.

Project Description

Red Flags

• ⚠The 2022 verification report records a verified ERR of 600,815 tCO₂e for a single monitoring year, while the 2024 appendix states a lifetime ex-ante estimate of only ≈113,098 tCO₂e for the current 5-year crediting period — a 26× gap that, although attributable to different crediting periods, signals a major parameter shift or possible data error that is not explained in the available documents.
• ⚠CAR #2 explicitly flags a need to cross-check ICS databases to avoid double counting with an existing project, indicating a residual double-claiming risk that has not been fully resolved.
• ⚠CORSIA eligibility and CCP status are both not stated in any available document, leaving dual-channel risk unassessed.

Credit Vintages Exhausted