2024 has been a year of stark climate realities, breaking records as the warmest year ever and the first full year averaging above 1.5°C. Yet, the global focus on climate action is waning amidst geopolitical tensions, economic protectionism, and competing policy priorities.

In the international policy space, we lead the way for global action on geological net zero. By fostering bold policies and international partnerships, Carbon Balance seeks to make geological net zero and long-term mandatory carbon storage policies a fundamental part of every country’s climate plan.

We turn ideas into Paris aligned action.

Our International priorities for 2025

  • Embedding Geological Net Zero in NDCs and LT-LEDS

    All Parties to the Paris Agreement are expected to set Nationally Determined Contributions (NDCs). A subset have also set Long Term Low Emissions Development Scenarios. These are the fundamental roadmaps which set the course for climate action. We make concrete policy recommendations to align the future NDCs with geological net zero.

  • Ensuring a Durable Net Zero through Article 6 Implementation

    The market-based mechanisms of Article 6 of the Paris Agreement – Article 6.2 and 6.4 – establish a framework for the interchange of mitigation outcomes. If designed and utilised effectively, this system could help facilitate a durable net zero, especially as a financing mechanism. We work to design the Article 6 effectively, and ensure it does not undermine the Paris Agreement.

  • Building an international toolkit to empower a community of practice

    By convening a coalition of global experts, we are developing a comprehensive and actionable toolkit for policymakers and international decision-makers to create region-specific, context-driven recommendations for implementing carbon storage obligations. We will coordinate across this global community to find the best long-term policy mixes to get us to geological net zero.

  • Empowering CDR leadership in Plurilateral Institutions

    Plurilateral summit institutions (PSI), such as the G7 and G20, are one of the first key stages in international norm development. 2024 was the year of where significant carbon market activity came to the fore in their discussions. However, the CDR discourse lacks nuance. We work to push ambitious commitments and detailed recommendations.