VPA 61 - GHG Emission Reduction through use of Bondhu Chula (Improved Cook Stoves) in Bangladesh
GS-3822 ↗ · current registry ID: GS11758
#228of 1329 in Industrial#36of 121 in Bangladesh#394of 1801 in Gold Standard (GS)
Audit Analysis
A Gold Standard cookstove VPA in Bangladesh with VVB-verified additionality and a quantified 5% leakage deduction, but undermined by a project-specific baseline with no recorded reassessment, absence of a buffer pool, a 28-year PoA duration that exceeds the Gold Standard 20-year maximum (justified via transition rules), and multiple unresolved corrective actions. The additionality status flipped between the 2023 and 2024 verification reports, and FPIC documentation is contradictory across sources, reducing confidence in the project's safeguards and additionality claims.
Red Flags
- PoA duration of 28 years exceeds the Gold Standard 20-year maximum; justified only via transition rules (CAR 02 in the 2024 verification report)
- Additionality verification status contradicts between the 2023 verification report (not confirmed) and the 2024 verification report (confirmed), with no clear explanation of what changed
- FPIC status is contradictory: the 2023 validation report records it as conducted, while the 2024 verification report records it as not conducted
- Multiple 'likely CARs' remain open in the 2024 verification report, including stakeholder consultation gaps and missing design-change documentation
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2022 | 9,411 | 9,411 | 0 | |
| 2023 | 8,440 | 8,279 | 161 | |
| Total | 17,851 | 17,690 | 161 |
Risk Indicators
VVB-confirmed but status flipped between 2023 and 2024 reports
no reversal events but 15-year crediting period unbacked
5% quantified deduction with justification
Project-specific baseline; no reassessment date recorded
Grievance mechanism present; FPIC status contradictory across documents
CCP eligible; CORSIA status not stated in available documents
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