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Consider the following statements regarding the International Energy Agency (IEA):
1. It is an inter-governmental organization within the Organisation for Economic Co-operation and Development (OECD).
2. All member countries of United Nations are member of the IEA.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
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Consider the following statements regarding the International Energy A...
Recently, the International Energy Agency said that strong GDP growth and a weak monsoon drove up India’s energy-related carbon emissions by around 190 million tonnes in 2023, though the country’s per capita emissions remain far below the global average.
International Energy Agency:
- It is an autonomous inter-governmental organisation within the Organisation for Economic Co-operation and Development (OECD) framework.
- Mission: It works with governments and industry to shape a secure and sustainable energy future for all.
- Background
- It was created in response to the 1973-1974 oil crisis when an oil embargo by major producers pushed prices to historic levels, and exposed the vulnerability of industrialised countries to dependency on oil imports.
- It was founded in 1974 to ensure the security of oil supplies.
- Membership: It is made up of 31 member countries, 13 association countries, and 5 accession countries.
- Criteria for membership: A candidate country to the IEA must be a member country of the OECD. In addition, it must demonstrate several requirements.
- Crude oil and/or product reserves equivalent to 90 days of the previous year’s net imports, to which the government has immediate access (even if it does not own them directly) and could be used to address disruptions to global oil supply;
- A demand restraint programme to reduce national oil consumption by up to 10%;
- Legislation and organisation to operate the Co-ordinated Emergency Response Measures (CERM) on a national basis;
- Legislation and measures to ensure that all oil companies under its jurisdiction report information upon request;
- All member countries of United Nations are not member of this organization.
Hence only statement 1 is correct.
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Consider the following statements regarding the International Energy A...
Explanation:
Statement 1: It is an inter-governmental organization within the Organisation for Economic Co-operation and Development (OECD).
- This statement is correct. The International Energy Agency (IEA) is indeed an inter-governmental organization established within the framework of the Organisation for Economic Co-operation and Development (OECD). It was founded in 1974 in response to the oil crisis of the early 1970s.
Statement 2: All member countries of United Nations are members of the IEA.
- This statement is incorrect. Not all member countries of the United Nations are members of the IEA. The IEA consists of 30 member countries, which are mostly OECD member countries. However, some non-OECD countries are also members of the IEA, such as Brazil, China, India, and Indonesia.
Therefore, the correct answer is:
a) 1 only
In conclusion, the IEA is an inter-governmental organization within the OECD, and not all member countries of the United Nations are part of the IEA.
Statement 1: It is an inter-governmental organization within the Organisation for Economic Co-operation and Development (OECD).
- This statement is correct. The International Energy Agency (IEA) is indeed an inter-governmental organization established within the framework of the Organisation for Economic Co-operation and Development (OECD). It was founded in 1974 in response to the oil crisis of the early 1970s.
Statement 2: All member countries of United Nations are members of the IEA.
- This statement is incorrect. Not all member countries of the United Nations are members of the IEA. The IEA consists of 30 member countries, which are mostly OECD member countries. However, some non-OECD countries are also members of the IEA, such as Brazil, China, India, and Indonesia.
Therefore, the correct answer is:
a) 1 only
In conclusion, the IEA is an inter-governmental organization within the OECD, and not all member countries of the United Nations are part of the IEA.
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Consider the following statements regarding the International Energy Agency (IEA):1. It is an inter-governmental organization within the Organisation for Economic Co-operation and Development (OECD).2. All member countries of United Nations are member of the IEA.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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