INTERNATIONAL ENERGY AGENCY (IEA)

About:

• It aims to strengthen mutual trust and cooperation & enhance global energy security, stability and sustainability. This partnership will lead to an extensive exchange of knowledge and would be a stepping stone towards India becoming a full member of the IEA.
  
  
• The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organisation.
  
  
• It was 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 is made up of 30 member countries.
  
  
• In addition, the IEA family also includes eight association countries which includes Brazil, China and India.
  
  
• Three countries are seeking accession to full membership, Chile, Israel and Lithuania.