Abstract
This chapter provides an overview of International Energy Agency (IEA). The IEA was not created as a new and totally autonomous international organization, but rather was established as an autonomous body within the framework of the Organisation for Economic Co-operation and Development (OECD). The fact that it was established on the basis of two structurally different instruments—the OECD Council Decision of November 15, 1974, and the IEP Agreement, a multilateral treaty which prospective members have to ratify, requiring parliamentary approval in most countries—had various legal consequences. The IEA is an organ of the OECD. The competence for the energy field lies with the Governing Board of the IEA together with the OECD Committee for Energy Policy. It is the Governing Board's duty to supply the OECD Council with information and regular reports. The IEA budget is a part of the OECD's budget. The secretariat of the Agency is part of the OECD secretariat. In its private law transactions, the IEA makes use of the legal personality of the OECD.
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