Nuclear Energy Agency purposes."" NEA currently consists of 33 countries from Europe, North America and the Asia-Pacific region. In 2017 Argentina and Romania accessioned to NEA as its most recent members. Together they account for approximately 85% of the world’s installed nuclear capacity. Nuclear power accounts for almost a quarter of the electricity produced in NEA Member countries. The NEA works closely with the International Atomic Energy Agency (IAEA) in Vienna and with the European Commission in Brussels. Within the OECD, there is close co-ordination with the International Energy Agency and the Environment Directorate, as well as contacts with other directorates, as appropriate.
International Energy Agency was 16 times more than what was predicted by IEA a year earlier. However, the IEA's current forecasts for solar power does not seem to catch up with the exponential growth in the sector. The misleading projections has perpetuated the false impression that the growth of solar power requires huge subsidies, and has the potential to discourage investment in solar energy market and consequently, hold back even faster growth. IEA Bioenergy was set up in 1978 by the International Energy Agency (IEA) with the aim of improving cooperation and information exchange between countries that have national programmes in bioenergy research,