International Energy Agency (IEA) and Electricity Market Report:

GS Paper 2: Topics Covered: Important International institutions, agencies and fora, their structure, mandate.   Context: The early 2022 edition of the Agency’s bi-annual Electricity Market Report has been published.   Highlights of the report: Nations are largely turning to fossil fuels to meet the increase in electricity demand as Covid-19 lockdown restrictions are lifting. …

International Energy Agency (IEA):

GS Paper 2: Topics Covered: Important International institutions, agencies and fora, their structure, mandate.   Context: The International Energy Agency (IEA) has invited India, the world’s third-largest energy consumer, to become its full-time member.   Implications: The proposal if accepted will require New Delhi to raise strategic oil reserves to 90 days requirement. India’s current strategic …