Agreement On An International Energy Programme
The IEA`s annual publications, such as the Global Energy Outlook and the Energy Technology Perspectives, highlight the importance of the IEA as The leading international energy relationship in New Zealand. In 2015, the IEA Ministerial Meeting approved a new modernization strategy, presented by the Agency`s new Executive Director, Fatih Birol, to strengthen the Agency`s role as a key to global energy policy. Ministers are focusing on creating a more inclusive and truly global agency through closer cooperation with emerging economies. Through the IEA Ministerial Conference, the secretariat develops ideas for existing or new work programmes, which will then be discussed with member countries on various IEA committees and ultimately submitted for board approval. While energy security remains an essential mission, the IEA has evolved over the years and adapted to the transformation of the global energy system. Today, the IEA is at the heart of the global energy dialogue, providing relevant statistics and analysis, examining the full range of energy issues, and advocating strategies that will improve the reliability, affordability and sustainability of energy in its 30 Member States and beyond. The IEA was established as the leading international forum for energy cooperation on a wide range of issues such as security of supply, long-term policy, information transparency, energy efficiency, sustainability, research and development, technological cooperation and international energy relations. This first oil shock led to the creation of the IEA in November 1974, with a broad mandate for energy security and energy cooperation. This included a collective action mechanism to respond effectively to potential disruptions in oil supplies. The framework was enshrined in the IEA treaty “Agreement on an International Energy Programme,” whose newly created autonomous agency was hosted by the OECD in Paris. The IEA meets every two years at ministerial level to allow ministers to review the global energy scene, IEA policies and exchanges of views. The International Energy Agency was established in 1974 to ensure the security of the oil supply. While energy security remains a central issue, the IEA is now at the heart of the global energy debate and focuses on a wide range of issues ranging from electricity security to investment, climate change and air pollution, energy access and energy efficiency.
The IEA provides a framework for more than 40 implementation agreements. New Zealand is a member of the International Energy Program of the International Energy Agency (IEA). Membership of the IEA serves as an “insurance” against disruptions to international energy supply. In general, we are taking an easier approach to implementing agreements. New Zealand is generally represented by a party (under our auspices) representing a group of interested parties. This approach ensures both active industry engagement and the relevance of the work done for New Zealand. At the 2017 IEA Ministerial Meeting, the IEA`s role as the world`s leading energy authority and global clean energy hub was highlighted. The 2017 meeting also allowed IEA ministers to review the steps the Agency should take to extend its modernization mandate, an agenda set at the 2015 ministerial meeting. The mandate is based on three pillars: extending the IEA`s mandate to energy security, beyond oil, natural gas and electricity; Opening the Agency`s doors to emerging economies; and to make the IEA a global centre for clean energy, including energy efficiency. Every five years, the IEA reviews the energy sector and a Member State`s policy by being complacent with the common objectives of the