International Energy Agency

The International Energy Agency (IEA) is an intergovernmental organization based in Paris, established in 1974 within the framework of the Organisation for Economic Co-operation and Development following the oil crisis. Its membership is composed of mainly industrialized energy-importing countries, with additional association and accession arrangements. The IEA was created to coordinate responses to oil supply disruptions, and members commit to holding emergency oil stocks and participating in collective release mechanisms. Over time its work has broadened to cover energy statistics, market analysis, technology, efficiency, and clean-energy transitions. It publishes data, forecasts, and policy reviews that are widely cited by governments and markets. The IEA provides analysis and recommendations; it does not regulate national energy policy, which remains with member governments.