The European Commission published a report July 12 finding that European Union countries that want to host large-scale carbon sequestration or renewable energy projects under a program partly funded by the sale of EU carbon allowances should confirm their backing by the end of September. The NER300 program will involve the sale of 300 million carbon allowances, covering up to 50 percent of project costs, from a reserve for new entrants into the European Union’s Emissions Trading System.