INTERNATIONAL ENERGY AGENCY
- January 28, 2021
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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INTERNATIONAL ENERGY AGENCY
Subject: International Organizations
Context: In a significant development that boosts energy security, India is going to enter into a strategic partnership framework with the International Energy Agency (IEA)
Concept:
- Established in 1974 as per framework of the OECD, IEA is an autonomous intergovernmental organisation.
- Mission – To ensure reliable, affordable and clean energy for its member countries and beyond. Its mission is guided by four main areas of focus: energy security, economic development, environmental awareness and engagement worldwide Headquarters (Secretariat): Paris, France.
Roles and functions:
- Established in the wake of the 1973-1974 oil crisis, to help its members respond to major oil supply disruptions, a role it continues to fulfil today.
- IEA’s mandate has expanded over time to include tracking and analyzing global key energy trends, promoting sound energy policy, and fostering multinational energy technology cooperation.
Composition and eligibility:
- It has 30 members at present. IEA family also includes eight association countries. A candidate country must be a member country of the OECD. But all OECD members are not IEA members.
Reports:
- Global Energy & CO2 Status Report.
- World Energy Outlook.
- World Energy Statistics.
- World Energy Balances.
- Energy Technology Perspectives.