The International Energy Agency (IEA), an autonomous agency, was
established in November 1974. Its primary mandate was - and is -
two-fold: to promote energy security amongst its member countries
through collective response to physical disruptions in oil supply,
and provide authoritative research and analysis on ways to ensure
reliable, affordable and clean energy for its 29 member countries
and beyond. The IEA carries out a comprehensive programme of energy
co-operation among its member countries, each of which is obliged
to hold oil stocks equivalent to 90 days of its net imports.
The Agency's aims include the following objectives:
- Secure member countries' access to reliable and ample supplies
of all forms of energy; in particular, through maintaining
effective emergency response capabilities in case of oil supply
- Promote sustainable energy policies that spur economic growth
and environmental protection in a global context - particularly in
terms of reducing greenhouse-gas emissions that contribute to
- Improve transparency of international markets through
collection and analysis of energy data.
- Support global collaboration on energy technology to secure
future energy supplies and mitigate their environmental impact,
including through improved energy efficiency and development and
deployment of low-carbon technologies.
- Find solutions to global energy challenges through engagement
and dialogue with non-member countries, industry, international
organisations and other stakeholders.