Increasing partnership between India & IEA could soon yield full membership: IEA Executive Director Fatih Birol

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An growing partnership between India and the International Energy Agency (IEA) could soon yield a full-member standing for India, IEA‘s government director Fatih Birol stated on Wednesday.

“We hope that after this signing ceremony, the potential pathways to eventual membership will be closely looked into from both sides — New Delhi and member countries,” Birol stated whereas talking on the signing of a strategic partnership between India and IEA.

“I look forward to working closely with India, as we finalise the details of the strategic partnership, and hopefully together pave the way to an eventual membership,” he additional added.

“Along with the development and nurturing our nascent strategic partnership, we also aim to reinforce our existing cooperation developed through association with the IEA members to consolidate the cooperative activities with India and reflect on potential paths to eventual IEA membership,” stated Sanjiv Sahai, secretary, Ministry of Power.

However, based on the IEA’s present framework, solely members of the OECD (Organisation for Economic Co-operation and Development) can turn into full members of the company.

In 2017, India had joined as an affiliate member of the worldwide physique. Other affiliate members embody China and Brazil.

The Paris-based IEA at present has 30 members, and was created as a response to the oil disaster of 1973-74. It advises its member international locations on points associated to vitality safety and financial improvement.





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