International Energy Agency (IEA)

Why in News?

At its annual ministerial meeting in Paris, the International Energy Agency welcomed the progress on India’s request for full membership of the organisation.

• The IEA is a Paris-based autonomous intergovernmental organization.
• Created in - 1974.
• Originally formed - In response to the 1973 oil crisis to help member nations manage oil supply disruptions, its mission has since evolved to cover the entire global energy sector.
• Core Mission - Ensuring energy security, promoting economic development, and encouraging environmental sustainability (often called the "3 E's").
• Key Reports - It is famous for its "gold standard" data, including the World Energy Outlook and the Oil Market Report.
• Membership - As of now, it has 32 member countries (all OECD members).
• India is currently an "Association Country".
• Role - Analyzes global energy trends (transport, industry, AI) and helps countries transition to clean energy.
• Emergency Response - Coordinates collective action to manage oil supply shocks.
• Recent Focus - Net Zero - Focuses on accelerating clean energy transitions to keep the climate goal within reach.
• Critical Minerals - Monitors the minerals necessary for new energy technologies.
• Energy Security - Responded to the 2022-2023 energy crisis by analyzing gas supply security and providing plans to reduce reliance on Russian gas.

Reference

The Indian Express | IEA