In an article just published by Foreign Affairs, Naomi Egel and I argue that the International Energy Agency’s approach to integrating rising powers holds lessons for the reform of other global institutions seeking to remain relevant.
International institutions are notoriously slow to adapt to change. Nowhere has this problem been more glaring than in the energy field. Since 2000, surging demand for energy in emerging economies and shifts in suppliers driven by a revolution in unconventional oil and gas extraction have transformed the global energy landscape. Yet the International Energy Agency (IEA), the most prominent energy-focused multilateral institution, has seemed stuck in the past, its membership restricted to states that belong to the Organization for Economic Cooperation and Development (OECD), a rich man’s club of advanced market democracies. Read more »