Up Energy Improved Cookstoves Programme, Uganda – CPA No 045 supported by Republic of Korea

Audit Analysis

The Up Energy Improved Cookstoves project in Uganda demonstrates solid additionality (VVB-confirmed combined test) and a quantified 5% leakage deduction, with all corrective actions resolved. However, the absence of a buffer pool, unaddressed reversal risk for cookstove breakage/replacement, a significant discrepancy between the monitoring report's ERR figure (600,815) and the ex-ante lifetime estimate (113,098 tCO₂e), and the lack of a verified ERR figure for the monitoring period create meaningful uncertainty around claim safety and data reliability.

Project Description

Red Flags

• ⚠The monitoring report (Dec 2022) reports a claimed ERR of 600,815 tCO₂e, which is approximately 5× the ex-ante lifetime estimate of 113,098 tCO₂e stated in the appendix (Nov 2024) — this discrepancy is unexplained and raises data-reliability concerns.
• ⚠Reversal events are explicitly 'not addressed' in the verification report and no buffer pool percentage is stated, leaving cookstove breakage, replacement, or household reversion risk unmitigated.
• ⚠No verified ERR figure was found in any available document, preventing a pro-rata delivery check against the ex-ante estimate.
• ⚠CORSIA eligibility and CCP status are both unstated, leaving dual-channel or double-claiming risk unassessed.

Credit Vintages Exhausted