WASHINGTON — Today Verra, the nonprofit that serves as the leading standards setter for the voluntary carbon market, announced its completion of the quality control reviews of 22 of the 26* cookstove projects that were developed by C-Quest Capital (CQC Impact Investors LLC or one of its affiliates, collectively “CQC”) as well as the compensation requirements for the Verified Carbon Units (VCUs) issued by these projects. Verra had launched these reviews on June 27, 2024.

Verra has determined that a total of 5,004,915 VCUs were issued by these projects in excess of the correct amounts.

Verra has also determined that CQC must compensate for these excess issuances. Accordingly, CQC has requested, and Verra has processed, the cancellation of 5,004,915 VCUs.

A project-by-project breakdown is available in the table below, with four projects still under review. The other 22 projects have all been taken off hold on the Registry.

Project #Project NameOriginal emission reductions claimedRevised emission reductionsVCUs issuedVCUs compensated
2340Installation of high efficiency wood burning cookstoves in Zambia 780,281536,301780,281243,980
2341Installation of high efficiency wood burning cookstoves in Zimbabwe1,249,487777,5421,249,487471,945
2342Installation of high efficiency wood burning cookstoves in Malawi 2,803,2211,495,6652,803,2211,307,556
2349Installation of high efficiency wood burning cookstoves in Kenya 463,875277,468463,875186,407
2351Installation of high efficiency wood burning cookstoves in Mozambique200,824178,766200,82422,058
2366Installation of high efficiency wood burning cookstoves in Tanzania 1,041,714937,5411,041,714104,173
2371Installation of high efficiency wood burning cookstoves in Zambia – Project 2951,826813,308951,836138,528
2372Installation of high efficiency wood burning cookstoves in Malawi – Project 2 4,444,6422,409,5004,444,6422,035,142
2409Cleaner Cooking Solutions Program146,182126,514146,18219,668
2521Installation of high efficiency wood burning cookstoves in Laos 94,22488,94394,2245,281
2522Installation of high efficiency wood burning cookstoves in Thailand217,099187,394217,09929,705
2523Installation of high efficiency wood burning cookstoves in Vietnam206,369169,874206,36936,495
2711Distribution of Improved Cook Stoves in Sub-Saharan Africa-Malawi-CPA-002707,458616,196707,45891,262
2712Distribution of Improved Cook Stoves in Sub-Saharan Africa-Malawi-CPA-0061,935,2441,685,5991,935,244249,645
2886Installation of high efficiency wood burning cookstoves in Malawi – Project 373,56064,07073,5609,490
2888Installation of high efficiency wood burning cookstoves in Mozambique – Project 249,43748,79949,437638
2890Installation of high efficiency wood burning cookstoves in Zimbabwe – Project 2 197,050194,507197,0502,543
2981Installation of high efficiency wood burning cookstoves in Angola – Project 2133,53396,092133,53337,441
4127Household Appliance Distribution in Lao PDR-CPA-003319,130316,44900
4157Installation of high efficiency wood burning cookstoves in Tanzania – Project 3129,583116,625129,58312,958
4166Distribution of Improved Cook Stoves in Sub-Saharan Africa-Malawi-CPA-004232,311202,34200
4217Distribution of Improved Cook Stoves in Sub-Saharan Africa–Zambia-CPA-005761,739685,56500
1216Distribution of ONIL Stoves – Mexico, San Felipe Usila 1351,806Pending review outcome351,806Pending review outcome
1720ONIL Stoves —Guatemala – CPA 002 381,157Pending review outcome381,141Pending review outcome
1721ONIL Stoves Guatemala Uspantan 599,072Pending review outcome599,072Pending review outcome
1803Distribution of ONIL Stoves – Mexico, CPA 00292,402Pending review outcome92,402Pending review outcome

*Verra’s original announcement stated that 27 projects were under review. However, upon commencing our investigation, we found that one project was not yet registered. 

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