International Energy Agency

Some of the key events about International Energy Agency

• 1974

  Established in response to the 1973-1974 oil crisis to help countries coordinate a collective response to major disruptions in oil supply
• 1974

  Criticized for being established primarily to counter OPEC's influence, potentially exacerbating geopolitical tensions
• 1976

  Published its first World Energy Outlook, providing comprehensive analysis of global energy trends
• 1979

  Failed to effectively respond to the second oil crisis, leading to economic instability in member countries
• 1985

  Initiated the Emergency Response Exercise program to test and improve member countries' readiness for oil supply disruptions
• 1985

  Underestimated the impact of energy efficiency measures, resulting in inaccurate long-term energy demand forecasts
• 1990

  Faced criticism for inadequate response to the Gulf War's impact on oil markets
• 1993

  Expanded its mandate to cover the "Three E's" of balanced energy policy: energy security, economic development, and environmental protection
• 1998

  Misjudged the extent of the Asian financial crisis's effect on global oil demand
• 2000

  Launched the Technology Collaboration Programme to accelerate energy technology innovation
• 2004

  Accused of underestimating the potential of renewable energy sources in its World Energy Outlook report
• 2006

  Introduced the Energy Technology Perspectives series, offering in-depth analysis of clean energy technologies
• 2008

  Criticized for not foreseeing the rapid rise in oil prices leading up to the global financial crisis
• 2009

  Established the Clean Energy Ministerial, a high-level global forum to promote policies and programs that advance clean energy technology
• 2011

  Failed to accurately predict the impact of the Fukushima disaster on global energy markets
• 2014

  Underestimated the speed of cost reductions in solar and wind technologies, leading to conservative renewable energy projections
• 2015

  Played a key role in the Paris Agreement negotiations, providing data and analysis to support climate action
• 2017

  Expanded its focus to include all fuels and technologies, becoming a global authority on clean energy transitions
• 2020

  Faced criticism for not pushing strongly enough for a green recovery in response to the COVID-19 pandemic
• 2021

  Released "Net Zero by 2050," a comprehensive roadmap for the global energy sector to reach net-zero emissions

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