Why in News?
The International Energy Agency (IEA) was recently in the news because:
Energy ministers from 54 countries participated in an IEA Ministerial Meeting.
They reinforced global cooperation on:
Energy security
Critical minerals supply chains
Clean energy transition
The meeting highlighted the need for coordinated action amid:
Ongoing geopolitical tensions
Volatile oil & gas markets
Rising demand for critical minerals (like lithium, cobalt, nickel) for renewable technologies.
About the International Energy Agency (IEA)
Establishment & Background
Established in 1974
Created in response to the 1973–74 Oil Crisis
Initially aimed to ensure collective response to oil supply disruptions.
Nature
An autonomous intergovernmental organization
Functions within the framework of the OECD
Works with governments and industry for a secure and sustainable energy future.
Mandate
Monitor and analyze global energy markets
Promote sound energy policies
Support clean energy transitions
Foster international energy technology cooperation
Focus Areas
Energy Security
Economic Development
Environmental Sustainability
Global Engagement
Membership
32 Member Countries(Colombia has been invited as the 33rd member from February 2026. )
11 Association Countries
OECD membership is mandatory for full membership.
India joined as an Associate Member in 2017.
Headquarters
Paris, France
Important Reports by International Energy Agency (IEA)
World Energy Outlook (WEO)
World Energy Statistics
World Energy Balances
Energy Technology Perspectives
Net Zero by 2050