International Energy Agency (IEA)
| Section | Details |
|---|---|
| Introduction | – The International Energy Agency (IEA) is a global platform founded in 1974 in response to the 1973 oil crisis. – It was created to help countries coordinate collective responses to major oil supply disruptions. – The IEA provides data, analysis, and policy recommendations to ensure reliable, affordable, and sustainable energy for its members and global partners. |
| Objectives | – Energy Security: Enhance reliability and diversity in energy supplies. – Economic Development: Promote sustainable economic growth and job creation through energy policy cooperation. – Environmental Sustainability: Support efforts to reduce greenhouse gas emissions and mitigate climate change. – Global Engagement: Collaborate with non-member countries on shared energy challenges. |
| Members (Dec 2024) | – Total Member Countries: 31, including Australia, Austria, Belgium, Canada, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Japan, Korea, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Slovakia, Spain, Sweden, Switzerland, Turkey, United Kingdom, United States. – Association Countries: 13, including Brazil, China, India, Indonesia, Morocco, Singapore, South Africa, Thailand, Argentina, Egypt, Malaysia, Senegal, and Ukraine. – Accession Countries: 5, including Chile, Colombia, Israel, Latvia, and Costa Rica. |
| Reports/Indices | – World Energy Outlook (WEO): Flagship annual publication analyzing global energy trends. Latest Edition: 2024. – Oil Market Report (OMR): Monthly analysis of world oil market developments. Latest Edition: November 2024. – Energy Technology Perspectives (ETP): Focuses on technology’s role in transforming the energy sector. Latest Edition: 2023. – Global Energy Review: Annual assessment of energy demand and CO₂ emissions. Latest Edition: 2024. – Renewables Market Report: Annual review of renewable energy market trends. Latest Edition: 2024. – Energy Efficiency Report: Assesses global energy efficiency progress. Latest Edition: 2024. – World Energy Investment: Analyzes global energy sector investments. Latest Edition: 2024. – Tracking Clean Energy Progress (TCEP): Monitors progress on clean energy goals. Latest Edition: 2024. – Electricity Market Report: Provides global electricity demand and supply analysis. Latest Edition: July 2024. – Gas Market Report: Quarterly updates on natural gas markets. Latest Edition: Q4 2024. |
| Instruments | – International Energy Program (IEP) Agreement: Foundational framework establishing the IEA’s objectives. – Shared Goals: Principles guiding member energy policies, focusing on energy security, economic growth, and environmental protection. – Emergency Response Mechanism: Coordinates collective responses to major oil supply disruptions. |
| Structure | – Governing Board: The main decision-making body, composed of energy ministers from member countries. – Standing Groups and Committees: Focus on long-term cooperation, energy markets, and emergency preparedness. – Secretariat: Based in Paris, responsible for day-to-day operations and implementing work programs. |
| Subsidiary Organs | – Standing Group on Emergency Questions (SEQ): Handles energy security and emergency preparedness. – Standing Group on Long-Term Cooperation (SLT): Focuses on energy policy analysis and collaboration. – Standing Group on the Global Energy Dialogue (SGD): Engages with non-member countries and organizations. |
| Committees | – Committee on Energy Research and Technology (CERT): Oversees collaborative research and development. – Committee on Energy Efficiency (CEE): Promotes energy efficiency policies. – Committee on Budget and Expenditure (CBE): Manages financial and administrative matters. |
| Initiatives | – Clean Energy Transitions Programme (CETP): Accelerates clean energy transitions in emerging economies. – Digital Demand-Driven Electricity Networks (3DEN): Enhances digitalization in electricity systems. – Energy Efficiency in Emerging Economies (E4): Promotes energy efficiency in developing countries. – Global Commission on People-Centred Clean Energy Transitions: Ensures inclusivity in clean energy policies. – Technology Collaboration Programmes (TCPs): Facilitates global collaboration on energy technology research and development. – Global Hydrogen Review: Tracks progress in hydrogen production and infrastructure. – Energy Technology Perspectives (ETP): Provides a long-term outlook on energy technologies. – Renewables Market Insights: Tracks renewable energy developments globally. |
