KAPSARC was founded as a non-profit institution for independent research into global energy economics. It brings together an international group of expert researchers of more than 15 nationalities. From its base in one of the world’s most important energy-producing regions, KAPSARC develops economic frameworks to help achieve effective alignment between energy policy objectives and outcomes. KAPSARC researchers collaborate with leading international research centers, public policy organizations, and industrial and government institutions, to share knowledge, insights and analytical frameworks. Affordable, sustainable energy underpins the growth of a country’s economy and the wellbeing of its citizens. As such, effective energy policy is one of the greatest challenges for governments and other stakeholders across the globe. Through its research, KAPSARC aims to improve societal well-being and prosperity both in the region and worldwide.