Wu Cheng Geothermal Based Space Heating System
#659of 1861 in Renewable energy#379of 1181 in China#468of 1233 in Verra (VCS)#2of 10 in AM0072
Audit Analysis
A VCS-registered geothermal space-heating project in China with VVB-confirmed investment additionality and no reversal events, but burdened by 13 material findings, two inter-document contradictions, and a project-specific baseline. The project delivered roughly 71% of its pro-rata expected emissions reductions for the elapsed monitoring period, indicating conservative crediting. Documentation quality is the weakest dimension, with numerous PDMR gaps and formula errors requiring corrective action.
Red Flags
- 13 material findings in the verification report, including inconsistent project boundary for fugitive geothermal emissions, unassessed baseline scenario values, and missing IRR benchmark assessment
- Contradiction between the PDD (leakage 'deemed negligible') and the monitoring report (leakage 'quantified') creates ambiguity in the leakage treatment
- Contradiction between the PDD (additionality 'combined' test) and the validation report (additionality 'investment' test) undermines clarity of the additionality basis
- 13 corrective actions remain open, including missing KML files, formula typos, and absent audit-history entries
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2021 | 12,697 | 12,697 | 0 | |
| 2022 | 29,544 | 7,143 | 22,401 | |
| 2023 | 17,303 | 0 | 17,303 | |
| Total | 59,544 | 19,840 | 39,704 |
Risk Indicators
VVB-confirmed but contradicted in PDD; IRR benchmark missing
Energy substitution; no reversal events; minimal storage ris
0% deduction; justification contradicts between PDD and moni
Project-specific; scenario values unassessed per material fi
Grievance mechanism and benefit sharing present; FPIC not st
CORSIA and CCP status not stated; dual-channel risk unassess
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