In this episode of the All Things Sustainable podcast we speak with Dirk Forrister, President and CEO of the International Emissions Trading Association (IETA), to discuss the role of carbon markets in tackling climate change.

We sat down for the interview on the sidelines of CERAWeek, the annual S&P Global energy conference that convenes stakeholders from across the energy ecosystem. Dirk explains how carbon markets in some of the world's largest economies are undergoing fundamental changes in 2026, at a time when war in the Middle East has put energy security and affordability squarely in the spotlight.

"International cooperation on climate through markets has the potential of cutting the cost in half in achieving the Paris objectives," Dirk tells us. "And in times like these when government budgets are stressed, the only way of mobilizing the kind of capital that's needed is through market-based solutions."

Despite geopolitical unrest and pushback on climate action in parts of the world, Dirk says business and industry leaders remain committed to long-term decarbonization targets.

"Companies take a long view," Dirk says. "They do not start investing in climate change as a whim for just a year or two. They're investing for long term."

Listen to recent podcast episodes about carbon markets:

• How trade mechanisms, AI and innovation will influence global carbon markets in 2026 | S&P Global

• The role of carbon markets in protecting and restoring nature | S&P Global

The All Things Sustainable podcast will be live in London April 29. Learn more and register to attend: Sustainable1 Summit 2026: Turning Uncertainty into Opportunity | S&P Global

Learn more about the inaugural Climate Week Zurich, where All Things Sustainable will be the official podcast: Climate Week Zurich | 4-9 May 2026

Copyright ©2026 by S&P Global

DISCLAIMER

By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.

Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).

This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.

S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.