News- At the recent annual ministerial meeting in Paris, the IEA welcomed progress on India’s request for full membership of the organisation.
About International Energy Agency (IEA)
- IEA is an autonomous intergovernmental organisation within the OECD framework working on energy security and sustainable energy cooperation.
- Establishment: It was established in November 1974 in response to the global oil crisis.
- Headquarters: It is based in Paris.
Core Mandate
- It maintains systems to address oil supply disruptions.
- It promotes rational global energy policies and cooperation.
- It monitors international oil markets and energy trends.
- It supports energy technology collaboration and policy integration.
Membership Criteria
- Membership is limited to OECD countries.
- Countries must maintain oil reserves equal to 90 days of net imports.
- They must have emergency response measures and reporting systems.
Governance & Structure
- Governing Board: It is the main decision-making body, composed of Energy Ministers or their representatives, and its decisions are binding on members.
- Ministerial Meeting: It is held every two years to set strategic priorities and guide future work programmes.
- Standing Groups: The IEA has four Standing Groups — Long-Term Co-operation (SLT), Emergency Questions (SEQ), Oil Market (SOM), and Global Energy Dialogue (SGD).
- Committee: The Committee on Energy Research and Technology (CERT) supports technology development and cooperation.
Major Reports & Publications
- World Energy Outlook, World Energy Balances, Energy Technology Perspectives, World Energy Statistics, and Net Zero by 2050.
India and the IEA
- Status: India became an Associate member in 2017.
- Strategic Partnership: India seeks full membership, which requires changes to the IEA’s founding legal framework.
