Agreement on International Energy Program

New Zealand`s membership in the International Energy Programme allows for participation in international discussions and access to research, policy and other initiatives at the multilateral level. The IEA`s annual publications, such as the World Energy Outlook and Energy Technology Perspectives, highlight the importance of the IEA as New Zealand`s most important international energy relationship. New Zealand is a member of the International Energy Programme of the International Energy Agency (IEA). Membership in the IEA acts as an “insurance” against disruptions to the international energy supply. The U.S. government appreciates the IEA`s policy analysis and data collection, coordination of collective emergency response, and partnership on key projects and analysis with other international organizations and initiatives such as the G-20/G-7, the Carbon Sequestration Leadership Forum (CSLF), the Clean Energy Ministerial (CEM), and the International Partnership for Energy Efficiency Cooperation (IPEEC). The IEA holds ministerial meetings every 2 years to give ministers the opportunity to discuss the global energy scene, IEA policy and the exchange of views. The Government of New Zealand has entered into agreements with the Governments of the United Kingdom, Japan, Denmark, Spain and the Netherlands to allow banknote contracts or stocks held in those countries to be reflected in New Zealand`s commitments under the IEA. New Zealand is an active member of 6 implementing agreements: the IEA`s modernization has been structured into three pillars: strengthening and expanding the IEA`s commitment to energy security beyond oil, natural gas and electricity; deepen the IEA`s engagement with key emerging economies; and increased focus on clean energy technologies, including energy efficiency. Read the summary of New Zealand`s 2024 Comprehensive Energy Policy Review [PDF, 1.6 MB] We also employ a part-time energy consultant based in Paris who attends and reports on most meetings of the Board of Directors and its standing parallel committees. The IEA was founded in 1974 in the wake of the 1973-1974 oil crisis to help its members respond to major oil supply disruptions, a role it continues to fulfill to this day.

The IEA`s mandate has expanded over time to include monitoring and analysing global energy trends, promoting sound energy policies and promoting multinational cooperation in the field of energy technologies. As the global energy situation has changed, the IEA has sought to involve key non-members in its activities, including Brazil, China, India, Indonesia, South Africa, Thailand, Singapore, Morocco and the candidate countries, Mexico and Chile. The IEA`s energy analysis, international data collection and coordinated collective emergency response capabilities are unique and highly valued. New Zealand is an active member of 8 IEA implementing agreements. These agreements are international cooperation on research, development and demonstration projects in the energy sector. The International Energy Agency was established in 1974 to ensure security of oil supplies and has evolved over the years. While energy security remains a core task, the IEA is now at the heart of the global energy debate, focusing on a variety of issues ranging from electricity security to investment, from climate change and air pollution to energy access and efficiency and much more. In general, we take a favourable approach to the implementation of agreements.

New Zealand is usually represented by a Contracting Party (under our auspices) representing a consortium of interested stakeholders. This approach ensures both active industry engagement and the fact that the work done is relevant to New Zealand. This first oil shock led to the creation of the IEA in November 1974 with a global mandate for energy security and energy cooperation. This included the establishment of a collective action mechanism to respond effectively to possible disruptions in oil supply. The framework was enshrined in the IEA`s Agreement on an International Energy Agenda, with the newly created autonomous agency hosted at the OECD in Paris. Credible information is becoming increasingly important for policymakers due to a close link between the energy sector, security and climate change. The Agency`s successful “open door” policy has enabled the IEA to deepen its cooperation with eight new countries through the Association Programme: Brazil, China, India, Indonesia, Morocco, South Africa, Thailand and Singapore. The IEA family now accounts for about 75% of global energy consumption, up from 40% in 2024. Every 5 years, the IEA reviews a member country`s energy sector and policies against the common objectives of IEA member countries. The review aims to provide practical recommendations for future improvements. The in-depth review process also allows the IEA to exchange relevant energy data and policy information among IEA member countries. The IEA was established as the main international forum for energy cooperation on various issues such as security of supply, long-term policy, transparency of information, energy efficiency, sustainability, research and development, technological cooperation and international energy relations.

The IEA was founded in 1974 in response to the international oil crisis and was initially tasked with coordinating the response to oil supply emergencies. Since then, its mandate has expanded to include energy security, economic development and environmental protection. The IEA has 28 member countries. While energy security remains a key task, 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 authoritative statistics and analysis, examining the full range of energy issues and advocating for strategies that will improve energy reliability, affordability and sustainability in its 30 member countries and beyond. In 2024, the IEA Ministerial Meeting adopted a new modernisation strategy adopted by the agency`s new Executive Director, Dr. Fatih Birol, to strengthen the Agency`s role as a leading spokesperson in global energy policy. Ministers are focusing on creating a more inclusive and truly global agency through closer cooperation with emerging energy economies. These publications provide authoritative sources of global information and analysis on energy trends and forecasts, as well as research and development. The IEA provides a framework for more than 40 implementing agreements.

The IEA is an autonomous intergovernmental agency linked to the Organisation for Economic Co-operation and Development (OECD). .