International Energy Agency (IEA)

International Energy Agency Latest News

Recently, energy ministers from 54 countries reinforced global cooperation on energy security, critical minerals and the clean energy transition at the ministerial meeting of the International Energy Agency.

About International Energy Agency

• It is an autonomous intergovernmental organisation within the OECD framework.
• It works with governments and industry to shape a secure and sustainable energy future for all.
• Background: It was established in 1974, in the wake of the 1973-1974 oil crisis, to help its members respond to major oil supply disruptions, a role it continues to fulfill today.
• Mandate: Tracking and analyzing global key energy trends, promoting sound energy policy, and fostering multinational energy technology cooperation.
• Focus Area: It focuses on four main areas: energy security, economic development, environmental awareness, and engagement worldwide.
• Member Countries: It consists of 31 member countries and eleven association countries.
  • A candidate country to the IEA must be a member country of the Organisation for Economic Co-operation and Development (OECD).
• India joined this organization in 2017 as an Associate member.
• Reports published by IEA: World Energy Outlook, World Energy Balances, Energy Technology Perspectives, World Energy Statistics and Net Zero by 2050.
• Headquarters: Paris, France.

Source: DTE

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