International Energy Agency (IEA) :
✦The International Energy Agency is a Paris-based autonomous intergovernmental organization established in the framework of the Organisation for Economic Co-operation and Development (OECD) in 1974 in the wake of the 1973 oil crisis.
✦The IEA was initially dedicated to responding to physical disruptions in the supply of oil, as well as serving as an information source on statistics about the international oil market and other energy sectors.
✦The IEA acts as a policy adviser to its member states, but also works with non-member countries, especially China, India, and Russia.
✦A candidate country must be a member country of the OECD. But all OECD members are not IEA members (Ex:Chile, Iceland, Israel, Latvia and Slovenia).
✦Headquarter : Paris, France.
The four main areas of IEA focus are:
Energy Security: Promoting diversity, efficiency, flexibility and reliability for all fuels and energy sources;
Economic Development: Supporting free markets to foster economic growth and eliminate energy poverty;
Environmental Awareness: Analysing policy options to offset the impact of energy production and use on the environment, especially for tackling climate change and air pollution; and
Engagement Worldwide: Working closely with partner countries, especially major emerging economies, to find solutions to shared energy and environmental concerns.