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India becomes associate member of IEA

India, world’s 3rd largest energy consumer has joined International Energy Association (IAE) as associate member. India will also now have a greater say in global energy issues.

With India as a associate member, IEA now formally covers 70% of the world’s energy consumption, thus increasing its relevance.

Key Facts
  • India’s participation will enrich the energy efficiency and renewable sectors of IEA members and other countries.
  • India will gain from IEA’s data gathering processes, survey methodologies and range of energy data, which will enable India in the near future to set up its own robust integrated database agency.
  • It also gives an opportunity to India to be the voice of the developing world and represent the interests of the emerging markets. It will enable India to be involved in the key committees and dialogues of the IEA. 

About International Energy Association (IEA) 

  • IEA is an inter-governmental organization established in 1974 as per framework of the Organisation for Economic Co-operation and Development (OECD).
  • It was established in the wake of the 1973 oil crisis after the OPEC cartel had shocked the world with a steep increase in oil prices.
  • Members: Presently it has 29 member countries. India is lone associate member of IAE.
  • Headquarters (Secretariat): Paris, France.
  • Mandate: Its prime focus is on the “3Es” of effectual energy policy: energy security, economic development and environmental protection.
  • It also seeks to promote alternate energy sources (including renewable energy), rational energy policies and multinational energy technology co-operation.
  • It acts as energy policy advisor to 29 member countries and also non-member countries like China, India and Russia.
  • Publications: World Energy Outlook report.
  • Relevance: Today, IEA is an important part of global dialogue on energy, providing research, statistics/data, analysis and recommendations on the global energy sector.
  • Over 70% of world’s energy consumption is now under the IEA umbrella which increases its relevance in global energy governance manifold.

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India ranks 87th on Energy Architecture Performance Index: WEF

India ranked 87th among the surveyed 127 countries on a Global Energy Architecture Performance Index (EAPI) released as part of report of Geneva- based World Economic Forum (WEF).

EAPI is a composite index developed by WEF in collaboration with Accenture Strategy. It focuses on tracking specific indicators to measure the energy system performance of the countries.

It has 18 indicators defined across the three sides of the ‘energy triangle’- economic growth and development, energy access and security and environmental sustainability.

Key Highlights of 2017 EAPI
  • Top 5 Countries: Switzerland (1), Norway (2), Sweden (3), Denmark (4) and France (5).
  • India has marginally improved its ranking in this edition from 90th rank in 2016. But it ranks among the worst for pollution.
  • Global Facts: World’s biggest energy consumers struggle to take leading positions on index as they grapple with inherent challenges of their large, complex energy systems and are outperformed by nimble economies.
  • Overall, some of the largest consumers of energy such as China (95th), India, Japan (45th), Russia (48th) and United States (52nd) have either slipped in the rankings or experienced only marginal gains.
  • India related Facts: India is gradually improving its performance on the index, but faces an uphill battle to increase energy access and security (95th) indicators.
  • A large percentage of the population of India still lacks access to electricity (101st) and uses solid fuels for cooking (108th) indicators.
  • India’s commitment to increase solar power capacity to 100 gigawatts (GW) by 2022, will make it a leader in renewable capacity.
  • India, just like China, boasts strong score on indicator for diversification of import counterparts (5th), but its energy system continues to face some significant challenges, particularly on environmental sustainability (109th) indicator.
  • India has some of the lowest scores in CO2 emissions from electricity (117th) production and PM2.5 levels (123rd) indicators.
  • Energy & Pollution: Sources of pollution are diverse and intermittent (such as refuse combustion, agricultural crop burning, fireworks), but the energy sector is a large, consistent contributor to this issue.
  • Many solutions have been attempted with varying degrees of impact, but the countries sorely need a comprehensive plan of action to implement an effective and sustainable answer.

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India, Vietnam sign Civil Nuclear deal, three other agreements

India and Vietnam have signed a civil nuclear cooperation agreement. With this, Vietnam became 14th country with which India has signed the civil nuclear deal.

The MoU in Peaceful Uses of Atomic Energy was signed by Sekhar Basu, Secretary of Department of Atomic Energy and Pham Cong Tac, Vietnam’s Deputy Minister of Science and Technology in New Delhi.

The two countries also signed three other agreements in the fields of energy, aviation and government cooperation. These agreements will enhance aviation links, cooperation in the area of energy efficiency and promotion of parliamentary cooperation between both countries.

Vietnam also extended invitation to India to explore energy in South China Sea (SCS). It has urged India to intensify economic engagement with Southeast Asia, highlighting India’s importance as a regional power. It also supported India’s multilateral membership plans including UNSC.

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