Frank Venmans was a monthly visitor since 2013 at the Grantham Institute. Before joining Grantham full time in 2020, he was Associate Professor in microeconomics and environmental economics at the University of Mons, Belgium. He did his PhD thesis in the finance department of UMONS, focussing on the European carbon market. He is also the president of the Walloon Expert Committee on Climate since 5 years, a body assisting the government in reducing carbon emissions by 55% in 2030 in Wallonia, the French-speaking part of Belgium.

Research interests

  • Integrated assessment modelling and risk,
  • Discounting and inequality aversion,
  • Carbon markets,
  • Policy evaluation.


  • Stochastic dynamic optimization,
  • Financial econometrics,
  • Causal inference.


Research - 2024

Research - 2023

The authors of this paper develop a method to establish the value of temporary offset projects with a given risk of failure and show that this value is always positive. They find that to compensate for one tonne of fossil fuel emissions, 2 to 3 tonnes of carbon need to be stored in a forest if the project stops being additional after 50 years. Read more

Research - 2022

How best to make the transition from a high- to low-carbon economy remains open for debate, involving complex dynamics that go beyond basic models of emissions abatement. It is these dynamics that the authors aim to analyse with the model they develop in this paper, showing that it is optimal to repurpose and strand a substantial amount of capital. Read more

Research - 2021

Research - 2020

Research - 2019

The authors of this comment respond to a recent argument put forward by Lemoine and Rudik (2017), that it is efficient to delay reducing carbon emissions because there is substantial inertia in the climate system. Mattauch et al. show that there is no such inertia, which means there is no lag between carbon emissions and warming. Read more

Research - 2017

Research - 2016


Events - 2023

Events - 2019


News - 2023

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