INTERNATIONAL ENERGY AGENCY

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.