Working Papers

Working papers

Venmans F., Atkinson G. (2024) Measuring wealth of non-Renewable Natural Capital. SSRN working paper 4931488. Submitted at the Journal of Environmental Economics and Management.

Campiglio E., Dietz, S., Venmans F. (2023) Optimal climate policy as if the transition matters. Working paper of the National Bank of Belgium, Grantham and Cesifo. Presented at the National Bank of Belgium 2020, Royal Economics Society 2021, AERE 2021, EAERE 2021, IAEE 2021, CESifo 2023, EAERE 2024, EEA 2024. R&R at the Review of Economic Studies.

Groom B. et al. (2024) Bringing the economics of biodiversity into policy and decision-making: A target and cost-based approach to pricing biodiversity. R&R at Nature Sustainability.

Lee et al. (2025) The Carbon at Risk measure can unlock financial markets for large-scale carbon removal. Submitted at Nature.

Gostlow G., Chan T., Higham C., Sato, M., Setzer J., Venmans F. Climate Litigation as a Financial Risk: Evidence from a Global Survey of Equity Investors. Ready for submission at Management Science.

Unpublished work in progress

Dietz S., Nuño G., Scheidegger S., Venmans F. The effect of uncertainty on optimal abatement in a multi-regional model. 

We adapt develop an international real business cycle (IRBC) model where countries have different types of capital (dirty, clean), with stochastic productivity. A high-dimensional stochastic model, solved with deep neural nets. 

Groom, B., André, L., Venmans, F. The value of a statistical species.

Similar to the value of a statistical life, the value of a statistical species expresses the money which on average would save a species from extinction for a given type of conservation action. This requires calibration of a extinction risk function and the spatial distribution of species’ habitats.

Groom B., Venmans F. Valuing carbon removal’s effect on technical change and tipping points.

Even if carbon removal projects are temporary, they may still avoid or delay certain tipping points. This will depend on what triggers the tipping point, peak temperature, warming speed or duration of warming. Carbon removal may also enable certain technologies such as CCS to become cheaper over time.

Boganov A., Venmans F. The effect of the EU ETS on emissions.

Singh A., Venmans F. Projection methods vs. distributed lags models to assess the impact of temperature on GDP.

Cui J., Venmans F. The levelized cost of interseasonal storage for zero-emission electricity grids.