To make India full member, IEA needs to amend founding charter, Pg13

Key Highlights:

• The International Energy Agency (IEA) is considering India's request for full membership, which would require amending its founding charter.
• India, currently an associate member since 2017, seeks a role in IEA's decision-making and access to its energy data.
• IEA was established in 1974 by 17 OECD countries in response to the global oil crisis.
• IEA's original mandate was to stabilize oil supplies and manage disruptions, including maintaining minimum strategic oil stocks.
• India submitted a formal request for full membership in October 2023.
• IEA acknowledges India's request and has increased engagement with India, including publishing India-focused reports.

Detailed Insights:

• IEA's founding charter restricts full membership to OECD member countries, necessitating an amendment for India's inclusion.
• The organization now includes 32 full members, with Colombia being the most recent addition in 2020.
• As an associate member, India participates in policy discussions but lacks decision-making rights.
• With associate members like India, China, and Brazil, the IEA family now represents 80% of global energy demand.
• India's full membership would give it a role in guiding global energy policies and access to IEA's comprehensive energy databases.
• IEA has supported India's bid and is actively considering amending its legal framework to accommodate India's membership.
• IEA published a report on India's LiFE (Lifestyle for Environment) initiative, highlighting its potential to reduce global emissions.

Key Concepts Involved:

• International Energy Agency (IEA): An intergovernmental organization focused on global energy security, policy, and energy transitions.
• OECD (Organisation for Economic Co-operation and Development): An international organization of developed countries with democratic governments.
• LiFE (Lifestyle for Environment): An initiative promoting sustainable lifestyle changes to mitigate climate change.