Viet Nam Improved Cookstove Project by KCM – Improved Cookstove Project in Hoa Binh Province – CPA 001

Audit Analysis

A VCS cookstove project in Hoa Binh Province with VVB-confirmed additionality and a quantified 5% leakage deduction, but undermined by 16 material findings, 19 corrective actions, a significant efficiency-parameter calculation error, and multiple cross-document contradictions. The self-reported usage monitoring and project-specific baseline add moderate risk, while the verified usage rate exceeding the assumed rate is a positive signal. Overall, the project's data quality and documentation integrity are below acceptable thresholds for high-confidence crediting.

Project Description

Red Flags

• ⚠16 material findings and 19 corrective actions identified in the verification report, including an incorrect efficiency parameter (29.41% vs 24.01%) used in ER calculations
• ⚠Contradiction on reversal events: the earlier verification report (Dec 2023) reported reversal events, while the later one (Oct 2024) states the topic was not addressed
• ⚠FPIC status contradicted between the verification report (conducted) and the monitoring report (not conducted)
• ⚠Usage monitoring relies on self-reporting rather than independent verification
• ⚠Missing information on ownership of carbon rights and on stove replacement/continuity after the 5-year lifespan

Credit Vintages