This report is the result of a collaborative effortbetween the nternational nergy gency (),its eber countries and various consultantsand experts worldwide. Users of this report shallake their own independent business decisionsat their own risk and, in particular, withoutundue reliance on this report. Nothing in thisreport shall constitute professional advice, and norepresentation or warranty, express or iplied, isade in respect of the copleteness or accuracyof the contents of this report. The acceptsno liability whatsoever for any direct or indirectdaages resulting fro any use of this report or itscontents. wide range of experts reviewed drafts,however, the views expressed do not necessarilyrepresent the views or policy of the or itsindividual eber countries.
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The nternational nergy gency (),an autonoous agency, was established inNoveber 1974. ts andate is two-fold:to proote energy security aongst its eber countries through collective response to physicaldisruptions in oil supply and to advise eber countries on sound energy policy.The carries out a coprehensive prograeof energy co-operation aong 28 advancedeconoies, each of which is obliged to hold oilstocks equivalent to 90 days of its net iports.The gency ais to:• ecure eber countries’ access to reliableand aple supplies of all fors of energy;in particular, through aintaining effectiveeergency response capabilities in case of oilsupply disruptions.• Proote sustainable energy policies that spur econoic growth and environental protectionin a global context – particularly in tersof reducing greenhouse-gas eissions thatcontribute to cliate change.• prove transparency of international arketsthrough collection and analysis of energy data.• upport global collaboration on energytechnology to secure future energy supplies anditigate their environental ipact, includingthrough iproved energy efficiency anddevelopent and deployent of low-carbontechnologies.• Find solutions to global energy challengesthrough engageent and dialogue with non-eber countries, industry, internationalorganisations and other stakeholders. eber countries are: ustralia, ustria,Belgiu, anada, the zech epublic, Denark,Finland, France, erany, reece, ungary, reland,taly, Japan, Korea (epublic of), uxebourg,the Netherlands, New Zealand, Norway, Poland,Portugal, the lovak epublic, pain, weden,witzerland, Turkey, the United Kingdo and theUnited tates. The uropean oission alsoparticipates in the work of the .