International Energy Agency (IEA)

  • Located in Paris
  • Autonomous intergovernmental organization under OECD framework.
  • Established in 1974 in the wake of the 1973 oil crisis.
  • The IEA was initially dedicated to responding to physical disruptions in the supply of oil, as well as serving as an information source on statistics about the international oil market and other energy sectors.
  • The IEA acts as a policy adviser to its member states, but also works with non-member countries, especially China, India, and Russia
  • Presently it has 30 member countries.
  • India has become an associate member of IEA.
  • Only OECD members can become its members.
  • The Agency’s mandate has broadened to focus on the “3Es” of effectual energy policy:
    • energy security,
    • economic development, and
    • environmental protection
  • The IEA has a broad role in promoting alternate energy sources (including renewable energy), rational energy policies, and multinational energy technology co-operation

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