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Re-assessment pendingGSEnergy Efficiency - DomesticIndiaRegistry: RegisteredAMS-III.AR

GS11450 - MicroEnergy Credits – Microfinance for Clean Energy Product Lines – India - CPA 11 - GS11481

Developer: Micro Energy Credits Corporation Private Limited

Methodology: AMS-III.AR (CDM)

GS-3561 ↗ · current registry ID: GS11481

Worked comparison example (English)

#665of 1699 in Industrial#1301of 2759 in India#1008of 2179 in Gold Standard (GS)#16of 24 in AMS-III.AR

Score from methodology v2.1 (analysis of 2 Sep 2026). Re-assessment under v2.2 pending.

Assessment

CarbonMeld document-based assessment

01020304 Overall 5.4 / 10
Integrity 🔒 Transparency 🔒 Claim Safety 🔒 Documentation 🔒
Dimension scores are locked — the faint arcs are empty tracks, not zero scores.

Scale 0–10 · method weights: integrity 35% · transparency 25% · claim safety 25% · documentation 15%.

Re-assessment pending · v2.1

Scored2026-09-02medium confidenceLatest monitoring period ends: 2023-12-31

evidence: 26/28 registry documents analyzed · 4 red flags

Generated by CarbonMeld Analysis Pipeline · Methodology · Editorial Policy · About the System
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How this analysis was made

Standard
Gold Standard (GS) How our current method reads projects of this standard
Methodology
AMS-III.AR How our current method reads projects of this type
Our method
CarbonMeld methodology v2.1 · analysed on 2 Sep 2026 · 26/28 registry documents analyzed · re-assessment under v2.2 pending

Analysis

This Gold Standard microfinance-for-clean-energy project in India has a VVB-verified combined additionality test and a named verification body, but is undermined by a large gap between the assumed usage rate (0.9 in the PDD) and the verified rate (0.52), a 0% leakage deduction with contradictory justifications across documents, and the absence of a stated buffer pool. Multiple open corrective actions and significant ERR-figure discrepancies between verification and monitoring reports reduce confidence in the data pipeline.

Red Flags

4 red flags detected — Unlock with Premium

Findings

Risk Indicators

Additionality

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Permanence

🔒

Leakage

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Baseline

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Safeguards

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Double-claim

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Risk indicator details are a Premium feature

Score Breakdown

Score factors per dimension are a Premium feature — Unlock with Premium

Gates applied

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Detailed Analysis

The detailed per-dimension analysis is a Premium feature — Unlock with Premium

Evidence

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On this page: the analysis of 2 Sep 2026, marked “Re-assessment pending”. Per-dimension scores, risk indicators, 4 red flags, score factors, detailed analysis, and 28 registry documents (26 analyzed).

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Eligibility & market

What can you claim with this credit?

Four checks buyers ask about, from the registry and the Integrity Council (ICVCM).

  • Airlines (CORSIA)

    No CORSIA label on the registry

    Not usable for airlines' CORSIA obligations.

    Source: registry label · read on 2 Nov 2026

    Covers: this project's credit records as read on the registry

  • Integrity label (ICVCM CCP)

    No ICVCM information

    No CCP label and no ICVCM decision found for this project's methodology.

  • Removal or reduction

    Emission reduction or avoidance

    Prevents or reduces emissions — fits contribution claims, not SBTi neutralisation.

    Source: registry label · read on 2 Nov 2026

    Covers: the project type, not a label on individual credits

  • Paris Agreement (Article 6)

    Not published

    This registry does not publish Article 6 authorizations.

Information only, from public sources. Claim rules (CORSIA, SBTi, EU rules on green claims) change: check them before making a public claim. Since 27 September 2026, EU consumer rules do not allow “climate neutral” product claims based on offsets.

Registry labels last checked:2026-11-02

Credit Vintages

IssuedRetiredAvailable
2020
20,63320,6330
2021
38,757038,757
2022
34,020034,020
Total93,41020,63372,777

Methodology versions used

The methodology version stated in each monitoring, verification and issuance document, by period, compared with the official methodology pages.

  1. 2020–2021AMS-III.AR v7.0since replaced by v9.0

    monitoring report

    official page · verified on

  2. 2021AMS-I.A v14.0since replaced by v19.0

    monitoring report + verification report

    official page · verified on

  3. 2021AMS-III.AR v7.0since replaced by v9.0

    monitoring report + verification report

    official page · verified on

  4. 2022AMS-III.AR v7.0since replaced by v9.0

    monitoring report + verification report

    official page · verified on

  • AMS-I.A: Active (CDM / UNFCCC) · official page · verified on
  • AMS-III.AR: Active (CDM / UNFCCC) · official page · verified on

A version is shown only when the document's own text writes it next to the methodology code. Current versions, status and CCP ranges come from the official pages linked, checked on the date shown.

Documents on the registry

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Profile & governance

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