VPA 75 - GHG Emission Reduction through use of Bondhu Chula (Improved Cook Stoves) in Bangladesh

Audit Analysis

A Gold Standard cookstove project in Bangladesh with VVB-confirmed additionality and a quantified 5% leakage deduction, but weakened by the absence of a buffer pool, non-conduct of FPIC, a project-specific baseline, and a lengthy list of corrective actions spanning administrative and substantive items. The project is CCP-eligible, introducing dual-channel risk, and the lack of a lifetime ex-ante estimate prevents a full pro-rata delivery check.

Project Description

Red Flags

• ⚠FPIC was not conducted per the 2024 verification report, despite the project targeting household users in Bangladesh
• ⚠No buffer pool is in place to cover permanence/reversal risk over the 15-year crediting period
• ⚠18+ corrective actions were required at verification, including substantive items on stakeholder consultation, grievance mechanism implementation, and unique serial-number tracking to prevent double counting
• ⚠CCP eligibility is confirmed, creating potential dual-channel (CORSIA + voluntary market) credit use
• ⚠The PoA duration of 28 years was challenged against the Gold Standard 20-year maximum and only justified via transition rules

Credit Vintages