The association aims to promote science, teaching and research in the field of energy economics internationally, worldwide. The association can in particular finance, establish and manage scientific research, as well as university and other educational institutions and consulting and support facilities. The association can also participate in state programs, non-profit institutions and commercial enterprises and their projects in the sense of its scientific promotion activities. The association offers its members and third parties the opportunity to use the association's structures and research results and to participate in the activities and projects. The association strives for international cooperation with universities, research institutions, supranational, state and private companies. The association pursues, among other things, ecologically sustainable, economically, technologically and socially responsible, as well as ethical goals (generally known as ESG). The association can acquire real estate and other assets, intangible assets and rights to achieve its purpose and also to manage its assets. It can participate in companies at home and abroad in this sense.