IEA ministerial meeting and 50 anniversary_rueda prensa

IEA Ministerial Meeting and 50th Anniversary.- Member countries’ Ministers mandates IEA to deepen cooperation with major emerging economies

Energy leaders from around the world met in Paris this week for the International Energy Agency’s 2024 Ministerial Meeting and 50th Anniversary, a two-day event that produced a strong commitment to safeguard energy security while speeding up clean energy transitions to keep the goal of limiting global warming to 1.5 °C within reach.

The meeting of energy and climate ministers representing close to 50 countries, which was co-chaired by Irish Minister for Environment, Climate and Communications Eamon Ryan and French Minister of Economy, Finance, and Industrial and Digital Sovereignty Bruno Le Maire, delivered a powerful consensus on the need for bolder action and greater global cooperation to swiftly transform the world’s energy system, with geopolitical uncertainty on the rise and global temperatures continuing to break records.

The strong mandate to deepen cooperation with major emerging economies includes starting discussions with India on its request for full IEA membership, and the establishment of a regional cooperation centre in Singapore to extend the Agency’s engagement in Southeast Asia and beyond.

The Ministerial Meeting also presented an opportunity for members to invite Latvia to become the 32nd member of the IEA and to welcome Costa Rica as the IEA’s newest Accession country.
Currently the IEA Family of countries represent almost a 80% of global GDP.

Co-chaired by France and Ireland, the meeting of ministers from around the world delivered as well mandates for IEA on launching a critical minerals security programme, and leading on implementation of COP28 outcomes.

Post de Fatih Birol en X_IEA Ministerial meeting 2024 and 50 anniversary foto de familia
Family photo of the world leaders and members or the IEA who attended to the IEA Ministerial and 50 Anniversary Meeting. To watch this post on X click here

The ministerial mandate on the minerals security programme directs the IEA to develop a framework to advance the objectives that have been laid out for a voluntary IEA Critical Minerals Security Programme, which would look to boost the security of the supply chains for the crucial minerals needed for clean energy technologies.

“This meeting saw governments from around the world commend the IEA’s energy and climate leadership over the past 50 years. And they made it very clear that they’re counting on us to be even more impactful in the future,” IEA Executive Director Fatih Birol said.

“The IEA has received clear mandates from its members. We will redouble our efforts to lead the fight against climate change in the energy sector, while ensuring the security of global energy supplies and working to increase energy access throughout the transition,” he added.

India’s accession to IEA, a huge change in international energy governance

India, which joined the IEA Family as an Association country in 2017, sent a formal request for full membership to IEA ministers in October 2023. India becoming an IEA member would mark a huge, consequential change in international energy governance. As the world’s most populous country, India is set to play an increasingly central role in efforts to safeguard energy security, drive inclusive energy transitions, and combat climate change.

“I would like to take this opportunity to reiterate my full support for the Agency’s efforts to welcome emerging economies, whether through the recent association of Kenya and Senegal or the launch of negotiations with India to join the IEA as a full member,” said President of France Emmanuel Macron.

“We are very happy that ministers from the IEA’s member countries have agreed to start membership talks with India, this is a major milestone for international energy governance,” said IEA Executive Director Fatih Birol. “A valued and indispensable partner of our Agency, India plays a crucial and growing role in the global energy economy. The world cannot plan for its energy future without India at the table.”

The IEA and India have expanded their collaboration on energy and climate issues in recent years – further deepening ties during India’s G20 Presidency in 2023. The IEA provided expert analysis and advice on energy, climate and development issues throughout India’s G20 Presidency, including on renewables, biofuels, energy efficiency, innovation and India’s Lifestyle for Environment (LiFE) initiative.

In the next three decades, India is poised to see the largest energy demand growth of any country in the world as industrialisation and urbanisation surge and per capita income rises sharply.

Narendra Modi_ IEA ministerial and 50 years meeting_2024
Narendra Modi (PM of India) during his speech -streamed- at IEA Ministerial meeting and 50 anniversary. Caption from the video of the Welcome and Official Opening of the meeting by IEA on You Tube.

“India is the world’s fastest growing major economy. Sustained growth needs energy security and sustainability,” said Prime Minister Narendra Modi of India. “Inclusivity boosts the credibility and capability for any institution. 1.4 billion Indians bring talent, technology and innovation to the table. We bring scale and speed, quantity and quality to every mission. I am sure that the IEA will benefit when India plays a bigger role in it.”

“Congratulations to IEA on its 50th anniversary. Ensuring assured and affordable energy supplies while pursuing global clean energy transitions goals is more important than ever. IEA’s global role and leadership in this context has been critical to its partners around the world,” said India’s Minister of External Affairs Subrahmanyam Jaishankar. “India and IEA have been deepening their partnership in the last decade and India is pleased that IEA Ministers have agreed to start discussions on India’s full membership following our request in October 2023. We look forward to continuing to engage with IEA members on the next steps.”

“The agreed text on relations with India highlights the commitment to expand the Agency’s action and represents a step forward towards sharing common goals and global commitment in pursuing sustainable solutions for the energy and ecological transition,” said Minister of the Environment and Energy Security Gilberto Pichetto Fratin of Italy, which holds the G7 Presidency this year.

“In so many ways, the world’s energy future will depend on India’s energy future” said US Secretary of Energy Jennifer M. Granholm.

“Prime Minister Modi’s leadership in renewable and alternative energies has already driven down prices for the rest of the world making these options cost competitive with every other energy source. The world’s oldest continuous democracy looks forward to soon welcoming the world’s largest democracy into IEA membership to advance our shared climate and energy security goals.”

IEA membership for India was also one of the key topics discussed by President Joe Biden of the United States and Indian Prime Minister Modi during their meeting in Washington in June 2023.

“Australia is also pleased to support India’s journey to become an IEA member. India will have the largest energy demand growth globally to 2050,” said Australia’s Minister for Climate Change and Energy Chris Bowen. “We are pleased that discussions are progressing well and hope to be able to welcome India into the IEA Family soon as an important voice from our region, and for our region.”

Image over the headline.- Left to right: Fatih Birol (IEA Executive Director); Eamon Ryan (Minister for Environment, Climate and Communications of Ireland) and Bruno Le Maire (Minister of Economy, Finance, and Industrial and Digital Sovereignty of France).Eastwind composition made of captions from the video posted on You Tube by IEA of the press conference at the end of the IEA Ministerial Meeting and 50th Anniversary celebrated in Paris on 13th and 14th February 2024.

Related external links:

2024 IEA Ministerial Communique

2024 IEA Ministerial Closing Press Conference (video)

Remarks of Narendra Modi (Prime Ministeer of India) at 2024 IEA Ministerial Meeting

50 years of IEA (video)

Related Eastwind links:

IEA puts forward 5 pillars strategy to reach the 1,5ºC global warming target by 2030

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