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Agreement On An International Energy Programme

The International Energy Agency was established in 1974 to ensure the security of the oil supply. While energy security remains a central issue, the IEA is now at the heart of the global energy debate and focuses on a wide range of issues ranging from electricity security to investment, climate change and air pollution, energy access and energy efficiency. The New Zealand government has agreements with the governments of the United Kingdom, Japan, Denmark, Spain and the Netherlands to ensure that contracts or stocks of notes held in those countries can be charged on New Zealand`s IEA bonds. In general, we are taking an easier approach to implementing agreements. New Zealand is generally represented by a party (under our auspices) representing a group of interested parties. This approach ensures both active industry engagement and the relevance of the work done for New Zealand. The modernization of the IEA has been based on three pillars: strengthening and expanding the IEA`s commitment to energy security beyond oil, natural gas and electricity; Strengthen the IEA`s commitment to major emerging economies; and to put more emphasis on clean energy technologies, including energy efficiency. At the 2017 IEA Ministerial Meeting, the IEA`s role as the world`s leading energy authority and global clean energy hub was highlighted. The 2017 meeting also allowed IEA ministers to review the steps the Agency should take to extend its modernization mandate, an agenda set at the 2015 ministerial meeting. The mandate is based on three pillars: extending the IEA`s mandate to energy security, beyond oil, natural gas and electricity; Opening the Agency`s doors to emerging economies; and to make the IEA a global centre for clean energy, including energy efficiency. New Zealand is an active member of 8 IEA implementation agreements.

These agreements are international cooperation in energy research, development and demonstration projects. The Board of Directors is the IEA`s main decision-making body. It is made up of energy ministers or high-level representatives from each Member State. Through the IEA Ministerial Conference, the secretariat develops ideas for existing or new work programmes, which will then be discussed with member countries on various IEA committees and ultimately submitted for board approval. The IEA`s annual publications, such as the Global Energy Outlook and the Energy Technology Perspectives, highlight the importance of the IEA as The leading international energy relationship in New Zealand. We also employ a part-time energy consultant, based in Paris, to attend and report to most executive committee meetings and its permanent secondary committees. The Board of Directors holds three to four meetings each year at the Director General`s level (or at an equivalent level) to review the overall evolution of energy with the Executive Director and other senior executives of the secretariat, in collaboration with the Agency`s work. The results of board meetings are binding on all Member States. The Board of Directors is also responsible for the IEA`s administrative matters, including the approval of the biennial work program and the budget.