Definitions in this glossary of energy-related terms reflect those used by the IEA; definitions used by other organisations and publications may vary.
IEA Energy covers a broad range of today’s energy issues, from technology to market developments, and highlights the energy challenges of tomorrow. It features a variety of perspectives from government, industry and other intergovernmental organisations – both in IEA member countries and beyond – as well as from IEA experts.
In the event of an oil supply disruption, IEA member countries are all committed to taking joint measures in the event of oil supply emergencies in order to avoid economic damage to their countries. They have all agreed to share energy information, co-ordinate their energy policies and co-operate in the development of rational energy programmes. Each of the IEA’s 28 member countries is also required to hold oil stocks equivalent to 90 days of its prior year’s net imports.
Over the past few years, electric vehicles (Evs) have seeped into public consciousness. Those promoting Evs bill them as essential for reducing dependence on oil and slashing the world’s CO2 emissions. But is that really the case? Or will they only play a token effort in improving energy security and winning the battle against global warming?
The IEA is an autonomous organisation which works to ensure reliable, affordable and clean energy for its 28 member countries and beyond. Founded in response to the 1973/4 oil crisis, the IEA’s initial role was to help countries co-ordinate a collective response to major disruptions in oil supply through the release of emergency oil stocks to the markets. While this continues to be a key aspect of its work, the IEA has evolved and expanded. It is at the heart of global dialogue on energy, providing authoritative and unbiased research, statistics, analysis and recommendations.
How many gallons of oil are there in a barrel? How much gas is consumed worldwide? What is the role of the Executive Director? What is the role of the governing board? This section includes answers to a broad range of questions relating to the IEA and its programme of work.