India and the International Energy Agency (IEA) signed a strategic partnership agreement to strengthen cooperation in 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 IEA.
The major benefit of an agreement between India and the International Energy Agency (IEA) is that it will lead to a wider exchange of knowledge and will be a step towards making India a full member of the IEA.
Strengthen mutual trust and cooperation & enhance global energy security, stability and sustainability. A phased increase in benefits and responsibilities for India as an IEA strategic partner.
Building on existing areas of work and the Clean Energy Transitions Programme (CETP), such as energy security, clean and sustainable energy, energy efficiency, enhancing petroleum storage capacity, expansion of gas-based economy in India etc.
Established in 1974 as the Energy Department of the Organization for Economic Co-operation and Development (OECD), IEA now produces about half the world's official energy statistics.
The organization's mandate is to support its Member countries in keeping their energy systems efficient, sustainable and reliable, while providing knowledge about global energy issues to governments and non-government organizations.
Over time, the mandate of the IEA has expanded to include tracking and analyzing key global energy trends, promoting sound energy policy and encouraging multinational energy technology cooperation. Its mission is to ensure reliable, affordable and clean energy for its member countries and beyond.
Its mission is guided by four main areas (4E’s):
The Governing Board is the main decision-making body of the IEA. It is composed of energy ministers or their senior representatives from each Member country. It has 30 members at present. A candidate country must be a member country of the OECD. But all OECD members are not IEA members.
Launched in November 2017, the IEA Clean Energy Transitions Programme (CETP) is an effort to accelerate global clean energy transitions. CETP works to achieve this by increasing the inter-linkages across key technology areas, countries, and groups.
The CETP is a multi-stakeholder initiative that promotes clean energy, especially for developing countries. It provides independent, cutting-edge support to governments in order to catalyze the global transition towards more sustainable energy production and use.
Clean Energy Transitions Programme (CETP) aims to help countries develop national-level strategies, policies, and measures to accelerate clean energy deployment and drive down the costs of clean energy technologies. Priority countries include Brazil, China, India, Indonesia, Mexico and South Africa, as well as other IEA Association countries and key regions such as Southeast Asia, Latin America and Africa.
