Why in the News?
The International Energy Agency (IEA) hosted the Global Conference on Energy and AI in Paris, highlighting the need for collaboration between policymakers and industries to address the growing electricity demand from data centers, even as AI aids in advancing energy transitions.
About IEA
- Headquarters: Paris, France.
- Established: 1974, in response to the 1973 oil crisis.
- Objective: Promote energy security, sustainable energy policies, renewable energy, and energy efficiency.
- Membership:
- 32 member countries.
- 13 association countries (India is an associate member since 2017).
- 4 accession countries.
- Joining Requirement:
- Must be an OECD member.
- Commitment to shared energy goals, including maintaining oil reserves equivalent to 90 days of net imports.
- Key Reports:
- World Energy Outlook.
- Global EV Outlook.
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