IEA meaning in Business ?

Answer: What is International Energy Agency mean?

The International Energy Agency (IEA; French: Agence internationale de l'énergie) is a Paris-based autonomous intergovernmental organisation established in the framework of the Organisation for Economic Co-operation and Development (OECD) in 1974 in the wake of the 1973 oil crisis. The IEA was initially dedicated to responding to physical disruptions in the supply of oil, as well as serving as an information source on statistics about the international oil market and other energy sectors. It is best known for the publication of its annual World Energy Outlook.

In the decades since, its role has expanded to cover the entire global energy system, encompassing traditional energy sources such as oil, gas, and coal as well as cleaner and faster growing ones such as solar PV, wind power and biofuels. As the Covid-19 pandemic set off a global health and economic crisis in early 2020, the IEA called on governments to ensure that their economic recovery plans focus on clean energy investments in order to create the conditions for a sustainable recovery and long-term structural decline in carbon emissions.

Today the IEA acts as a policy adviser to its member states, as well as major emerging economies such as Brazil, China, India, Indonesia and South Africa to support energy security and advance the clean energy transition worldwide. The Agency's mandate has broadened to focus on providing analysis, data, policy recommendations and solutions to help countries ensure secure, affordable and sustainable energy for all. In particular, it has focused on supporting global efforts to accelerate the clean energy transition and mitigate climate change. The IEA has a broad role in promoting rational energy policies and multinational energy technology co-operation with a view to reaching net zero emissions.

The IEA's current Executive Director is Fatih Birol, who took office in late 2015 and began his second term four years later.

In response to the growing number of pledges by countries and companies around the world to limit their emissions to net zero by 2050 or soon after, IEA announced in January 2021 that it would produce a roadmap for the global energy sector to reach 2050 net zero. The IEA says the report, due to be published on May 18, 2021, tries to map out a pathway in line with preventing global temperatures from rising above 1.5 °C - something that environmental groups, investors and companies had been urging the IEA to do. All IEA member countries have signed the Paris Agreement which strives to limit warming to 1.5 °C and two thirds of IEA member governments have made commitments to emission neutrality in 2050.

reference

Full Form	Category
International Ergonomics Association	Academic & Science
International Economic Association	Academic & Science
Indian Environmental Association	Academic & Science
Irish Economic Association	Academic & Science
International Energy Agency	Business
International Association for the Evaluation of Education Achievement	Business
Illinois Education Association	Community
International Epidemiology Association	Community
Idaho Education Association	Community
Individualized Education Account	Community
Italy Economic Association	Community
Interfaith Encounter Association	Community
Independent Experimental and Art	Community
Interscholastic Equestrian Association	Community
International Enneagram Association	Community
International Epidemiological Association	Community
International Encaustic Artists	Community
Institute for Educational Advancement	Community
Insurance Educational Association	Community
International Elite Assembly	Computing
Ibm Express Advantage	Computing
Ibm Education Assistant	Computing
Ion Energy Analysis	Electronics
itial Eligibility Assessment	General
Insanely Ever After	General
Integrated Ecosystem Assessments	General
Ian Evan Alexander	General
Independent Evaluation Arrangement	General
International Engineering Alliance	General
Instituto de Estudios de Automocion	General
Isuzu East Africa	General
Institutional Effectiveness and Analysis	General
Intergovernmental and External Affairs	General
Individual Estate Archives	General
Interest Earning Assets	General
International Environmental Agreements	Governmental
Institute for Environmental Analytics	Governmental
Institute for Environmental Assessment	Governmental
Energy Atlas	Governmental
Infrastructure and Energy Alter	Governmental
Immigration Exchange Agency	Governmental
Integrated Economic Accounts	Governmental
Institute for Electronic Arts	Governmental
International Education Administrators	International
Information Exchange Agreements	Military and Defence
Islamic Emirate of Afghanistan	Regional
Integrated Electronic Assembly	Space Science
Individual Estate Account	Stock Exchange