India, world’s 3rd largest energy consumer has joined International Energy Association (IAE) as an associate member. India will also now have a greater say in global energy issues. With India as an associate member, IEA now formally covers 70% of the world’s energy consumption, thus increasing its relevance.
India will gain from IEA’s data gathering processes, survey methodologies and range of energy data, which will enable India in the near future to set up its own robust integrated database agency
It also gives an opportunity to India to be the voice of the developing world and represent the interests of the emerging markets. It will enable India to be involved in the key committees and dialogues of the IEA.
About IEA
-The IEA was established to meet the industrial countries' energy organization needs in the wake of the 1973–1974 oil crisis.
-Established in 1974 as per framework of the Organisation for Economic Co-operation and Development (OECD) with Headquarters in Paris.
-The IEA acts as a policy adviser to its member states but also works with non-member countries, especially China, India, and Russia.
-Presently it has 29 member countries. India is a lone associate member of IAE.
India will gain from IEA’s data gathering processes, survey methodologies and range of energy data, which will enable India in the near future to set up its own robust integrated database agency
It also gives an opportunity to India to be the voice of the developing world and represent the interests of the emerging markets. It will enable India to be involved in the key committees and dialogues of the IEA.
About IEA
-The IEA was established to meet the industrial countries' energy organization needs in the wake of the 1973–1974 oil crisis.
-Established in 1974 as per framework of the Organisation for Economic Co-operation and Development (OECD) with Headquarters in Paris.
-The IEA acts as a policy adviser to its member states but also works with non-member countries, especially China, India, and Russia.
-Presently it has 29 member countries. India is a lone associate member of IAE.
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