IEA, partner companies join forces on mutual interests

The International Energy Agency and six “partner countries” – Brazil, China, India, Indonesia, Russia and South Africa – have formed a multilateral cooperation agreement to work together regarding shared interests. A Joint Declaration on Association was issued at the end of the 2013 IEA Ministerial Meeting.

The Joint Declaration on Association represents the first time that the IEA and partner countries have publicly expressed interest in exploring the mutual benefits of adding a multilateral dimension to their already-strong bilateral cooperation.

The IEA Ministerial Meeting, which took place Nov. 19-20 in Paris, brought together ministers and senior government officials from the 28 IEA member countries. Also participating were ministers from the IEA accession nations of Chile and Estonia – the latter of which just cleared the last hurdle toward IEA membership – as well as more than 30 industry leaders from the IEA Energy Business Council, which is made up of top companies active in energy or closely related fields.

At the conclusion of the meeting, all 28 IEA member countries also issued a separate statement acknowledging the significant role that the energy sector can play in limiting climate change. In the IEA Member Countries’ Statement on Climate Change, the ministers backed four energy policies proposed by the IEA that would keep climate goals alive without harming economic growth.

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