VPA 102- GHG Emission Reduction through use of Bondhu Chula (Improved Cook Stoves) in Bangladesh

Audit Analysis

This Gold Standard cookstove VPA in Bangladesh has a VVB-verified additionality assessment and a quantified 5% leakage deduction, but suffers from the absence of a buffer pool for a project type with inherent reversal risk, a project-specific baseline, and a contradiction on whether FPIC was conducted. Multiple data inconsistencies across documents (ERR figures, usage rates, crediting period, FNRB method) reduce confidence in the overall data reliability, and CCP eligibility introduces dual-channel risk.

Project Description

Red Flags

• ⚠No buffer pool is stated in any available document, leaving the project exposed to reversal risk from stove replacement or abandonment with no credit backstop
• ⚠FPIC status is contradictory: the 2024 verification report states it was not conducted, while the 2023 validation report states it was; the more recent verification report is privileged
• ⚠CCP status is listed as 'eligible', creating dual-channel (CORSIA + voluntary market) risk without explicit CORSIA eligibility confirmation
• ⚠No lifetime ex-ante ERR estimate was found in any document, preventing a reliable pro-rata over/under-delivery check
• ⚠Crediting period is inconsistent across documents: 15 years (2021–2036, monitoring report 2024) versus 5 years (2021–2026, validation report 2022)

Credit Vintages Exhausted