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Israel to join International Energy Agency

Energy Minister Yuval Steinitz says move "reflects Israel's new status as a regional energy power." Vote by Paris-based agency to approve Israel's membership in IEA "an expression of the world's faith in and recognition of the strength and innovation of the Israeli energy market," he says.

by  Ariel Kahana and ILH Staff
Published on  12-11-2020 09:21
Last modified: 12-11-2020 09:21
Israel to join International Energy AgencyKOKO

Energy Minister Yuval Steinitz | Archives: KOKO

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Members of the International Energy Agency unanimously voted in favor of accepting Israel's request to join the organization, Thursday.

The process to have Israel join the independent agency began in December when Energy Minister Yuval Steinitz met with IEA Executive Director Fatih Birol at the UN Climate Change Conference in Madrid in December 2019. Later on, the Foreign Ministry and Israel's mission to the Organization for Economic Co-operation and Development enlisted in efforts to have Israel join the Paris-based group.

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"In 2010, as finance minister, I brought the State of Israel in the most prestigious organization of developed nations – the OECD – and now, in 2020, I am proud to announce that Israel is taking another significant step on the path to becoming a fully-fledged member of the International Energy Agency. This reflects Israel's new status as a regional energy power, as a world leader in rapidly reducing and weaning ourselves off coal and fossil fuels in favor of natural gas and solar energy, to make it the world's second greatest producer of solar power. This [decision to accept Israel as a member of the IEA] is an expression of the world's faith in and recognition of the strength and innovation of the Israeli energy market."

Founded in 1974 to meet industrialized nations' energy needs following the 1973 oil crisis, the IEA is a leader in international energy discourse.

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Tags: Climate ChangeInternational Energy AgencyIsraelnatural gasParis

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