CB in the international space
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.
Our international priorities
Aligning NDCs and LT-LEDs
with geological net zero
National climate plans are the foundation of global action. We provide recommendations to help governments align their Nationally Determined Contributions (NDCs) and Long-Term Low Emission Development Strategies (LT-LEDS) with the science of geological net zero, ensuring commitments reflect a credible carbon balance.
Making markets a driver
of durable net zero
Article 6 of the Paris Agreement enables countries to cooperate through carbon markets, but design matters. We work to shape the implementation of Articles 6.2 & 6.4 so that they support long-term carbon storage, prevent loopholes, and accelerate durable pathways to net zero without undermining climate ambition. We also explore other international markets for permanent storage.
Building a global toolkit
for carbon storage obligations
We’re developing an international toolkit to support policymakers and decision-makers in designing regionally tailored carbon storage mandates. Working with a global network of experts, we’re creating practical guidance that reflects national contexts while advancing shared principles for achieving geological net zero.
Publications
