GHG Monitor
11/13/2015
ON THE INTERNATIONAL FRONT
Mexico has signaled its interest in joining the International Energy Agency (IEA), the agency announced this week. Mexican Secretary of Energy Pedro Joaquín Coldwell attended the 2015 IEA Ministerial meeting in Paris this week alongside energy ministers from the 29 member countries of the IEA. Current IEA member countries include Australia, Canada, France, Germany, Italy, Japan, Norway, South Korea, Spain, Sweden, the United Kingdom, and the United States. To join the IEA, Mexico must demonstrate that it has: “as a net oil importer, reserves of crude oil and/or product equivalent to 90 days of the prior year’s average net oil imports to which the government (even if it does not own those stocks directly) has immediate access should the Co-ordinated Emergency Response Measures (CERM) – which provide a rapid and flexible system of response to actual or imminent oil supply disruptions – be activated; a demand restraint programme for reducing national oil consumption by up to 10 percent; legislation and organisation necessary to operate, on a national basis, the CERM and; legislation and measures in place to ensure that all oil companies operating under its jurisdiction report information as is necessary,” according to the IEA website. To be an IEA member state, a country must also be a member country of the Organization for Economic Cooperation and Development. However, membership in the OECD does not automatically result in membership in the IEA.
