Economics expert makes case for carbon capture

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(Media-Newswire.com) - An economics expert from the University of Aberdeen has made the case for investing in carbon capture schemes at a prestigious conference in the United States.

Professor Joseph Swierzbinski, from the University of Aberdeen Business School, was invited to participate in a workshop on carbon capture and storage by the British Foreign and Commonwealth Office ( FCO ).

The set of technologies for reducing carbon emissions from coal and oil burning plants is likely to be an important element in strategies for mitigating climate change.

Professor Swierzbinski gave a presentation on incentives for investment in carbon capture schemes at the FCO event, which immediately preceded the prestigious 2008 Carbon Management Workshop in Houston, Texas from December 8-9.

Together with Professor Alex Kemp, the Schlumberger Professor of Petroleum Economics at the University of Aberdeen, Professor Swierzbinski is studying novel schemes to improve incentives for energy-related investments to mitigate climate change.

This is also one of the research themes of a new Centre for Research in Energy Economics and Finance ( ACREEF ), which is being established in the Business School at Aberdeen.

The carbon capture workshop was organised by the FCO’s Houston-based Science and Innovation Network team in cooperation with Imperial College London and the University of Texas Bureau Of Economic Geology.