International Energy Agency-1

▪️International Energy Agency (IEA) has released a report namely,Global Energy Review:2020

▪️The International Energy Agency (IEA) is an autonomous organisation which works to ensure reliable, affordable and clean energy.

▪️It was established in the wake of 1973 (set up in 1974) oil crisis after the OPEC cartel had shocked the world with a steep increase in oil prices.

▪️It is headquartered in Paris, France.

▪️India became an associate member of the International Energy Agency in 2017.

▪️Mexico officially became the International Energy Agency’s 30th member country in February 2018, and its first member in Latin America.

▪️A candidate country must be a member country of the OECD. But all OECD members are not IEA members.