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India invited to join the International Energy Agency (IEA)

  • Published
    14th Oct, 2021

GS-II: International Relations

  • Important International Institutions

GS-III: Economy

  • Infrastructure (Energy)
Context

International Energy Agency (IEA) has recently invited India, the world’s third-largest energy consumer, to become its full-time member.

  • This invitation is a natural corollary to the India-IEA strategic partnership which was inked in January 2021.

Prelims question:

Which of the following statements regarding the International Energy Agency (IEA) is/are correct?

  1. It is an autonomous intergovernmental organization established in the framework of the Organization of the Petroleum Exporting Countries (OPEC).
  2. A candidate country to the IEA must be a member country of the OECD.
  3. If India becomes a full member of IEA, It will have to raise strategic oil reserves to 90 days requirement.

Select the correct answer using the code given below:

  • A.
  • B.
  • C.
  • D.

Mains Question:

Explain the mandate of the International Energy Agency. Analyze the role of the agency in the transformation of the world's energy landscape towards a more greener future. (150 Words)

Approach:

  • Introduce by giving a definition of IEA
  • Describe the mandate of IEA
  • Enumerate the role played by IEA in promotion of Green energy
  • Enumerate the challenges that remain
  • Way Forward and Conclusion

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