SmarterMarkets™ Catching Up On Climate Episode 3 | Dirk Forrister, President & CEO, International Emissions Trading Association (IETA)
Sep 20, 2025
Dirk Forrister, President & CEO of the International Emissions Trading Association, shares insights on the evolving landscape of carbon markets. He highlights the rapid expansion of national carbon markets in Asia and Latin America and discusses challenges posed by U.S. policy changes. Dirk emphasizes IETA's role in guiding market cooperation and the importance of harmonization ahead of the North America Climate Summit in 2025. He also addresses Brazil's innovative approaches to clean-fuel potential and regional leadership in carbon accounting.
AI Snips
Chapters
Transcript
Episode notes
Global Compliance Markets Are Blossoming
- Developing countries are rapidly building national carbon markets across Asia and Latin America this year.
- These compliance markets are now the dominant story, outpacing voluntary market noise.
Compliance Markets Provide Stability
- Compliance markets provide far more stability than voluntary programs for long-term emissions reduction.
- The voluntary market still plays a role, but compliance policy is now leading global momentum.
Climate Action Meets Industrial Strategy
- Countries adopt carbon pricing both from climate conviction and to capture economic opportunity.
- The race for future industries and border measures drives market adoption and trade repositioning.