Water and Climate VPA #2 – Madhya Pradesh, India

Audit Analysis

This Gold Standard safe drinking water project in Madhya Pradesh has VVB-confirmed additionality and a quantified 5% leakage deduction, but is undermined by 22 outstanding corrective actions, a project transfer due to the original developer's insolvency, and multiple data inconsistencies across documents. The verified emissions reductions (84,542 tCO₂e) represent roughly 93% of the pro-rata expectation for the elapsed monitoring period, indicating reasonable delivery, yet the absence of a documented buffer pool and the project-specific baseline limit confidence in long-term integrity.

Project Description

Red Flags

• ⚠Project transferred from Helioz GMBH to Carbon Impact Capital due to insolvency — continuity and permanence of the project are at risk
• ⚠22 corrective actions remain outstanding, including missing GPS coordinates, missing SDG parameters, unclear IPCC emission factor source, and missing safeguard/grievance documentation in the monitoring report
• ⚠No buffer pool percentage is stated in any available document, leaving reversal risk unaddressed for a 5-year crediting period
• ⚠Crediting period dates are inconsistent between the PDD (2022-01-01 to 2027-12-31) and the verification report (2022-04-26 to 2027-04-25), flagged as a FAR in the verification report

Credit Vintages