The 2017 IEA Ministerial Meeting was recently held in Paris. The focus of the meeting was on global energy challenges and how they can be overcome.
Participants included representatives from the 29 IEA member countries; accession countries Chile and Mexico; association countries China, India, Indonesia, Morocco, Singapore and Thailand; and partner countries Brazil and South Africa. CEOs from 30 top global energy companies also attended the meeting.
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.
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.
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.