Continued efforts are made for the utilization of CO 2 as a C 1 feedstock for regeneration of valuable chemicals and fuels. Mechanistic study of molecular (electro-/photo-)catalysts disclosed that initial step for CO 2 activation involves either nucleophilic insertion or direct reduction of CO 2. In this study, nucleophilic activation of CO 2 by complex [(NO) 2 Fe(m-Me Pyr) 2 Fe(NO) 2 ] 2À (2, Me Pyr = 3-methylpyrazolate) results in the formation of CO 2-captured complex [(NO) 2 Fe-(Me PyrCO 2)] À (2-CO 2 , Me PyrCO 2 = 3-methyl-pyrazole-1-carboxylate). Single-crystal structure, spectroscopic, reactivity, and computational study unravels 2-CO 2 as a unique intermediate for reductive transformation of CO 2 promoted by Ca 2+. Moreover, sequential reaction of 2 with CO 2 , Ca(OTf) 2 , and KC 8 established a synthetic cycle, 2 ! 2-CO 2 ! [(NO) 2 Fe(m-Me Pyr) 2 Fe(NO) 2 ] (1) ! 2, for selective conversion of CO 2 into oxalate. Presumably, characterization of the unprecedented intermediate 2-CO 2 may open an avenue for systematic evaluation of the effects of alternative Lewis acids on reduction of CO 2. Scheme 1. Electrochemical/metal-mediated process, synthetic cycle, and (electro)catalysis for CO 2-to-oxalate conversion.