IEA’s Role in Sustainable Energy

Why in the News?

  • IEA Conference: Concluded a 2-day Global Conference on Energy and AI in Paris, gathering over 500 participants, including ministers from 25 countries.
  • Focus Area: Highlighted the rising electricity demand from data centres while emphasizing AI’s role in energy transitions.
  • Key Participants: Countries like India, Japan, UK, and the USA alongside CEOs and senior executives.

IEA's Role in Driving Sustainable Energy Solutions

About International Energy Agency (IEA):

  • IEA is an autonomous inter-governmental organization within the OECD
  • IEA Mandate: Founded in 1974 under the OECD framework, initially addressing oil crises but now expanding to energy security, economic development, and climate awareness.
  • Sustainability Goals: Advocates for sustainable energy policies, tracks global trends, and fosters international cooperation in energy technology.
  • Renowned Reports: Publishes critical documents like the World Energy Outlook and Net Zero by 2050, guiding global energy strategies.

Membership and Global Role

  • Membership Criteria: Includes maintaining 90-day oil reserves, reducing oil consumption, and ensuring emergency preparedness.
  • India’s Role: Joined as an associate member in 2017, enhancing its global energy presence.
  • Vision: Combines policy and innovation to build a secure and sustainable global energy future.

Sources Referred:

PIB, The Hindu, Indian Express, Hindustan Times