India declared its 'Association' status with the International Energy Agency (IEA). In this regard, Union Minister of Power & Renewable Energy Piyush Goyal handed over the formal letter to Fatih Birol, Executive Director of IEA.
Organization : International Energy Agency (IEA) Secretariat: Paris, France Establishment : 1974 Headquaters : Paris, France Membership : 29 states Executive Director : Fatih Birol Deputy Executive Director : Paul Simons
India as an Association member of IEA will serve as a bridge and platform for deeper cooperation and collaboration between IEA Member and Association countries.
India and IEA have an MoU since 2011 under which both are working on capacity building to respond to an oil emergency situation.
Comment
Today, over 70 per cent of world’s energy consumption is under the IEA umbrella. IEA is an important part of global dialogue on energy, providing research, data, analysis and recommendations on the global energy sector.
India’s engagement with the IEA has enhanced over the last two decades and the 'Association' status will facilitate it to participate in meetings of the standing groups, committees and working groups that constitute the IEA governance structure.
India will also be able to richly gain from IEA’s data gathering processes, survey methodologies and range of energy data. Moreover, India’s participation will enrich the energy efficiency and renewable sectors of IEA member countries.
About International Energy Agency (IEA)
•Established in 1974, IEA is a Paris based autonomous organisation.
• It’s mandate is to work towards ensuring reliable, affordable and clean energy mainly for its 29 member countries by coordinating collective response to major disruptions in oil supply.
• The four main areas of focus of IEA are: energy security, economic development, environmental awareness and energy engagement worldwide.
Current Affairs 31st March, 2017 Current Affairs One Liners 30th March, 2017 Current Affairs Round Up Bullet Points, March, 2017
Join The Discussion