VPA 66 - GHG Emission Reduction through use of Bondhu Chula (Improved Cook Stoves) in Bangladesh
GS-3823 ↗ · current registry ID: GS11763
#97of 1329 in Industrial#12of 121 in Bangladesh#204of 1801 in Gold Standard (GS)
Audit Analysis
A Gold Standard cookstove project in Bangladesh with VVB-confirmed additionality and a quantified 5% leakage deduction, but undermined by the absence of a buffer pool, contradictory FPIC findings across reports, and a large backlog of unresolved corrective actions. The verified usage rate (98.3%) exceeds the assumed rate (90%), supporting claim credibility, yet the project's CCP eligibility introduces dual-channel risk.
Red Flags
- FPIC status is contradictory: the 2023 validation report states FPIC was conducted, while the 2024 verification report states it was not — a material safeguard gap if the latter is correct
- 18+ corrective actions are listed, including multiple 'Likely CAR' items that remain unresolved, indicating ongoing documentation and compliance deficiencies
- PoA duration of 28 years exceeds the Gold Standard 20-year maximum; the project relies on transition rules for justification, which is a compliance vulnerability
- CCP status is 'eligible', creating potential dual-channel (CORSIA + CCP) credit allocation risk
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2022 | 8,576 | 8,576 | 0 | |
| 2023 | 8,438 | 8,294 | 144 | |
| Total | 17,014 | 16,870 | 144 |
Risk Indicators
VVB-confirmed combined test
reversal risk unaddressed
5% quantified deduction
Project-specific; no reassessment date
Grievance present; FPIC contradictory
CCP eligible; CORSIA not stated
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