International Energy Agency (IEA)

WHY IN NEWS?

In partnership with NITI Aayog, International Energy Agency (IEA) has released the first in-depth review of India’s energy policies.

ABOUT INTERNATIONAL ENERGY AGENCY (IEA)

• The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organization established in the framework of the Organisation for Economic Co-operation and Development (OECD) 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 Agency's mandate has broadened to focus on the "3Es" of effectual energy policy: energy security, economic development, and environmental protection.
• The latter has focused on mitigating climate change.
• The IEA has a broad role in promoting alternate energy sources (including renewable energy), rational energy policies, and multinational energy technology co-operation.
• It publishes the annual ‘World Energy Outlook’ report.
• Only the OECD member states can become members of the IEA. Except for Chile, Iceland, Israel, and Slovenia, all OECD member states are members of the IEA.
• Brazil, China, India, Indonesia, Morocco, Singapore and Thailand are the associate members of IEA.
• The IEA acts as a policy adviser to its member states, but also works with non-member countries, especially China, India, and Russia.

Prelims Question

Q. Which of the following are members of International Energy Agency (IEA)?

1. India
2. China
3. Brazil
Select the correct answer using the code given below:
a. 1 only
b. 2 and 3 only
c. 1 and 3 only
d. None of the above

Answer to the Prelims Question