International Energy Agency (IEA)

The International Energy Agency (Headquartered in Paris) is an autonomous intergovernmental organization established in the framework of the Organisation for Economic Co-operation and Development (OECD) in 1974 in response to the 1973-1974 Middle East War crises.

• The IEA is made up of 30 member countries and 8 association countries. Four countries are seeking accession to full membership, Chile, Colombia, Israel and Lithuania.
• The main policy decisions and the agency framework were stipulated in the IEA Agreement within the International Energy Programme treaty.
• The IEA has a broad role in promoting alternate energy sources (including renewable energy), rational energy policies, and multinational energy technology co-operation. The Agency’s mandate has broadened to focus on the “3Es” of effectual energy policy: Energy security, Economic development, and Environmental protection.
• All IEA member countries have signed the Paris Agreement which strives to limit warming to 1.5°C and two thirds of IEA member governments have made commitments to emission neutrality in 2050. The IEA’s Sustainable Development Scenario projects net-zero emissions in 2070, two decades later.