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 success of the Agency`s „open door” policy has enabled the IEA to deepen its cooperation with eight new countries through the association programme: Brazil, China, India, Indonesia, Morocco, Thailand, Singapore and South Africa. The IEA family now accounts for about 75% of the world`s energy consumption, up from 40% in 2015. 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. 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. 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. 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 modernization of the IEA has been based on three pillars: strengthening and expanding the IEA`s commitment to energy security beyond oil, natural gas and electricity; Strengthen the IEA`s commitment to major emerging economies; and to put more emphasis on clean energy technologies, including energy efficiency. IEA agreement signed on 18 November 1974. From left to right: Ulf Lantzke, Special Adviser for Energy to the OECD Secretary General; Etienne Davignon, Belgian Ministry of Foreign Affairs, Chairman of the IEA-OECD Board of Directors; Emile Van Len The IEA was born with the oil crisis of 1973-1974, when developed countries found that they were not sufficiently equipped to cope with the oil embargo imposed by the major producers, which pushed prices to historically high levels.