News:International Energy Agency(IEA) has released its annual Global Energy Review 2020 report.
Facts:
International Energy Agency(IEA):
- Established in 1974 as an autonomous intergovernmental organization under the OECD framework.
- Aim:To ensure reliable, affordable and clean energy for its member countries and beyond.
- Headquarters: Paris, France.
- Focus areas: It has four main areas of focus: a) Energy security b) Economic development c) Environmental awareness and d) Engagement worldwide.
- Members: It has 30 member countries and eight association countries.
- India: It became an associate member in 2017.
- Reports: World Energy Outlook report is released annually.
Additional Facts:
Organisation for Economic Co-operation and Development (OECD):
- It is an intergovernmental economic organisation founded in 1961 to stimulate economic progress and world trade.
- Headquarters: Paris, France.
- Total Members: 37
- India is not a member but a key economic partner.
