Annex 47 Report 3: Commission Cost-Benefit and Persistence of Savings

The International Energy Agency (IEA) was established in 1974 within the framework of the Organization for Economic Co-operation and Development (OECD) to implement an international energy program. A basic aim of the IEA is to foster co-operation among the twenty- eight IEA participating countries and to increase energy security through energy conservation, development of alternative energy sources and energy research, development and demonstration (RD&D).