India has become part of IEA Association that will allow the country play a more “visible and influential” role in the global energy landscape.
This does not cast any additional obligation on India, however, gives an opportunity for the country to become the voice of the developing countries.
How will this membership help India?
India’s engagement with the International Energy Agency (IEA) has enhanced over the last two decades and the “Association” status would facilitate it to participate in meetings of the standing groups, committees and working groups that constitute the IEA governance structure.
The “Activation of Association” is expected to serve as a bridge and platform for wider-ranging and deeper co-operation and collaboration between IEA member and Association countries in the future.
India pursues its key development objectives of energy access, energy security and environmental sustainability.
In this context, India has a vision of ensuring 24×7 affordable and environment friendly ‘Power for All’ and deeper engagement with IEA is a component of achieving this vision.
India can also richly gain from IEA’s data gathering processes, survey methodologies and range of energy data, which could enable India in the near future to set up its own robust integrated database agency.
India is home to about a fifth of the world’s population but uses only about 6% of the world’s energy.
But growth in the country’s energy demand is expected to outpace China in the near future, with its energy demand more than doubling over the next 25 years.
International Energy Agency
Founded in 1974, the IEA was initially designed to help countries co-ordinate a collective response to major disruptions in the supply of oil, such as the crisis of 1973/4.
While this remains a key aspect of its work, the IEA has evolved and expanded significantly.
Functions performed by IEA
The IEA examines the full spectrum of energy issues including oil, gas and coal supply and demand, renewable energy technologies, electricity markets, energy efficiency, access to energy, demand side management and much more.
Through its work, the IEA advocates policies that will enhance the reliability, affordability and sustainability of energy in its member countries and beyond.
Publications of IEA
Today, the IEA is at the heart of global dialogue on energy,
providing authoritative analysis through a wide range of publications, including the flagship World Energy Outlook and the IEA Market Reports;
data and statistics, such as Key World Energy Statistics
and the Monthly Oil Data Service;
and a series of training and capacity building workshops, presentations, and resources.
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.