International Energy Agency (IEA)

IEA was established in 1974 in the aftermath of the oil crisis.

• It is headquartered in Paris, France, and works closely with the OECD framework.
• Its objective is to ensure energy security, economic development, and sustainable energy transitions.
• It provides data, policy recommendations, and global energy outlook reports.
• IEA reports highlight the need for accelerated energy transition to meet net-zero emission targets.
• It has emphasized the rapid growth of renewable energy capacity and declining reliance on fossil fuels, though challenges remain in financing and technology deployment. ....