UCR

Fee Schedule

This is the first significant change to the UCR CoU Standard since 2021. The UCR CoU Standard has published this updated fee schedule to ensure that the UCR program addresses the financial needs of project developers and can continue to deliver on the demands of the rapidly growing voluntary/verified carbon markets (VCM).

Changes to our fees are related to project CoU issuances and registration only. The new fee schedule covers revisions to the existing issuance fees and includes a new fee for registration of individual projects not covered in the previous versions.

The following revised issuance fee structure will be effective immediately (August 2024):

CoU Issuance Fees	Total Quantity of CoUs requesting issuance for the Monitored Period	% of total CoUs auto deducted from the most recent vintage
	1-100,000	4.5%
	100,001-350,000	4.25%
	350,001-700,000	4.00%
	700,001 & upwards	3.75%

**All project activities that have submitted their CoU issuance requests but have not yet been issued CoUs (till the date of this announcement) will also be subject to the new updated lowered issuance fee schedule.All subsequent monitored and issuance periods will also be subject to the new lowered issuance fee schedule.

The pervious issuance fees were 5% of total CoUs being issued, irrespective of the quantity seeking issuance. We believe that this new stratified issuance fee structure will benefit all project developers with ease of participation and loweredentry costs to trade in the VCM.

The new fee schedule update (Project Registration fee)includes the following fixed fee applicable to all new project activities seeking registration by project developers:

A Project Registration fee of INR 25,000 (Indian Rupees Twenty Five Thousand only) will be charged before anyproject activity registration documents are submitted (i.e. before the project is submitted for admin review). The invoicing and payment gateway has been streamlined for the same and will be activated directly from within the “seller” account (a new “Invoice” tab has been provided to all seller accounts for accounting and tax purposes).
The Project Registration fee is fixed irrespective of the project size (large or small scale) and is non-refundable.
The Project Registration fee is inclusive of local taxes, GST etc (i.e for India the actual fee structure is INR 21,186 + INR 3814 (IGST 18%)). Tax payment invoices will be auto generated post payment and emailed to the email address associated with the account or as specified otherwise by the seller.
The fee payment is immediate and due before project activity registration review begins and is intended to cover the impact to the program due to the new stratified issuance fee structure that has been announced.
The Project Registration fee is not retrospective (i.e. previously registered and/or under review and/or project activities already submitted to the “admin for approval” will not be impacted under this new update).

For any payment related issues or international wire transfers please send an email to shubham.bhati@ucarbonregistry.com or info@ucarbonregistry.io.

**This update is not applicable to the UWR RoU Program or UWR RoU Standard for water credits (RoUs).