Why is it in the news?
Energy ministers from 54 countries reinforced global cooperation on energy security, critical minerals and clean energy transition at the IEA ministerial meeting.
Category: International Relations
Important Points:
● Autonomous intergovernmental organisation within OECD framework
● Established in 1974 after 1973–74 oil crisis
● Created to respond to major oil supply disruptions
● Focus areas: energy security, economic development, environmental awareness, worldwide engagement
● Mandate includes tracking global energy trends and promoting sound energy policy
● Has 31 member countries and 11 association countries
● Candidate country must be member of OECD
● India joined as Associate member in 2017
● Headquarters: Paris, France
● Publishes World Energy Outlook and Net Zero by 2050 reports