VPA 76 - GHG Emission Reduction through use of Bondhu Chula (Improved Cook Stoves) in Bangladesh

Audit Analysis

A Gold Standard improved cookstove VPA in Bangladesh with VVB-confirmed additionality and a quantified 5% leakage deduction, but weakened by a project-specific baseline, absence of a stated buffer pool, a contradiction on whether FPIC was conducted, and numerous administrative corrective actions. The project is CCP-eligible and uses a conservative usage-rate assumption, but the lack of a lifetime ex-ante estimate prevents a meaningful pro-rata delivery check.

Project Description

Red Flags

• ⚠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, leaving a safeguards gap for a household-level project in Bangladesh.
• ⚠Leakage deduction differs by a factor of 100 between the 2023 monitoring report (0.05%) and the 2024 verification report (5%); the 2024 figure is privileged but the discrepancy undermines confidence in the MRV chain.
• ⚠18+ corrective actions were raised by the VVB, including missing major-changes list, PoA duration compliance questions, and unconfirmed grievance-book implementation at branch offices.

Credit Vintages