Context: Against the backdrop of the ongoing Covid-19 crisis, International Energy Agency (IEA), in collaboration with NITI Aayog, presented a ‘Special Report on Sustainable Recovery’.
About the Report

• It is part of IEA’s flagship World Energy Outlook series, the report proposes a number of actions that could be taken over the next three years to revitalize economies and boost employment while making energy systems cleaner and more resilient.
• According to report, Post the 2008–09 financial crisis, green measures accounted for around 16% of the total stimulus measures. To recover from the pandemic, we must be even more ambitious and decisive towards clean investments.
• The IEA’s report, prepared in cooperation with IMF, details energy-focused policies and investments that could help boost economic growth, create jobs and put emissions into structural decline.
• The report mentions key sectors for creating jobs: electricity, transportation, buildings, industry and sustainable biofuels and innovations.
• However, the measures highlighted in the report remains the sovereign choice of the country.

International Energy Agency

• The International Energy Agency (IEA) is an autonomous organisation which works to ensure reliable, affordable and clean energy.
• Established in 1974 as per framework of the OECD.
• It is headquartered in Paris, France.
• World Enegry Outlook report is released by IEA annually.
• India became an associate member of the International Energy Agency in 2017.
• Mexico officially became the International Energy Agency’s 30th member country in February 2018, and its first member in Latin America.

Composition and eligibility

• It has 30 members at present.
• IEA family also includes eight association countries.
• A candidate country must be a member country of the OECD.
• But all OECD members are not IEA members.

Reports released by IEA

• Global Energy & CO2 Status Report.
• World Energy Outlook.
• World Energy Statistics.
• World Energy Balances.
• Energy Technology Perspectives.

OECD

• The Organisation for Economic Co-operation and Development is an intergovernmental economic organisation with 37 member countries.
• Colombia has become the OECD’s 37th Member country.
• The mission of the OECD is to promote policies that will improve the economic and social well-being of people around the world.
• OECD is an official United Nations observer.
• It was founded in 1961.
• It is headquartered in Paris, France.