Rainer Baake, State Secretary in the Federal Ministry for Economic Affairs and Energy responsible for energy matters, is representing the German federal government at the Ministerial Meeting of the International Energy Agency (IEA) in Paris on 7 - 8 November. The Ministerial Meeting, which takes place every two years, serves to lay down the medium-term energy policy objectives of this key .
Under the motto 'Bolstering Energy Security for Sustainable Global Growth', the participants will be discussing the global challenges and opportunities of the , taking account of the need for energy security, environmental and climate protection, and economic viability.
State Secretary Baake said: "The International Energy Agency has a great wealth of expertise covering all areas of the energy system. Therefore the IEA plays a key role when it comes to showing how the transformation of the energy systems can be successful worldwide in line with the targets stipulated in the Paris Climate Agreement. Environmental and climate protection, economic viability and continuing high supply security are not in contradiction to each other."
Participants of the IEA Ministerial Meeting include the representatives of the 29 member countries belonging to the OECD, and high-ranking representatives of ten association countries and partner countries, most of them large emerging economies. In view of the growing role of the emerging economies in the global energy sector, the IEA has considerably expanded its cooperation with these countries in the last few years.
For this purpose, the Ministers of the IEA member countries launched an association initiative to strengthen cooperation with these countries outside the OECD during their last meeting at the end of 2015. A total of seven countries have joined the initiative: China, Indonesia, Morocco, Singapore, Thailand - and India and Brazil (in 2017). Together with the association countries, the IEA accounts for more than 70% of global energy consumption. At this year's Ministrial Meeting, the IEA will launch the 'Clean Energy Transitions Programme' to help large emerging economies elaborate and implement political measures for the sustainable transformation of their energy systems. Germany will make a considerable financial contribution to this programme.
State Secretary Baake underlined: "The new Clean Energy Transitions Programme helps to make even better use of the great expertise of the IEA for the energy transitions in the large emerging economies. The support that the IEA will provide taking account of the local situations can thus assist these countries to meet the expected high additional energy demand in a sustainable and climate-friendly manner. I am pleased that Germany is one of the countries making this programme possible with their contributions. For this purpose, we intend to make available 6 million euros in the coming four years."