Emil Dimanchev
About
Research
My research investigates climate policy design, energy system planning, and energy market economics. I am especially interested in questions encountered in the practice of climate policy making, or informed by perspectives from political science, finance, or natural science. I leverage methods primarily from operations research, economics, and engineering.
My PhD focuses on the role of investment risk in power systems, its consequences for societal climate goals, and its implications for public policy. I explore these topics by developing stochastic optimization and equilibrium operations research models.
My main project explores how power system decarbonization is impacted by investor risk aversion and the incompleteness of risk markets. In another work, I explore how climate policy effects change when risk markets are incomplete.
I and co-authors also investigated how policy can accelerate investment in EV charging stations by accounting for the risks faced by private-sector investors using real options modeling.
To better understand the importance of future power system investments, in another publication I also reviewed the range of electrification pathways consistent with 2C and 1.5C climate targets. This work found that pathways consistently show substantial electrification, but 2C pathways disagree on the magnitude.
Bio
I am currently a PhD Candidate at NTNU, a Research Affiliate at the MIT Center for Energy and Environmental Policy Research, and a Superforecaster at Good Judgment.
Previously, I was a Research Associate at MIT CEEPR, and a Senior Carbon Market Analyst at Thomson Reuters Point Carbon.
I have testified before legislators on climate policy, served as a consultant to government officials on carbon pricing, and briefed senior staff at Fortune Global 500 companies. My work on the reform of the European Emissions Trading System was featured in the EU Parliament and the European Commission, “contributing to a cool-headed debate” in the words of one policy maker. My research has also been quoted in the media including Bloomberg, the Wall Street Journal, Politico, BBC, and others.
I hold a M.Sc. from MIT’s Technology and Policy Program and a B.A. in mathematical economics from Colorado College.
Publications
2024
-
Dimanchev, Emil;
Gabriel, Steven Adam;
Reichenberg, Lina;
Korpås, Magnus.
(2024)
Consequences of the missing risk market problem for power system emissions.
Energy Economics
Academic article
-
Calder, Ryan S.D.;
Dimanchev, Emil;
Cohen, Stuart;
McManamay, Ryan A..
(2024)
Decision support for United States—Canada energy integration is impaired by fragmentary environmental and electricity system modeling capacity.
Environmental Research: Infrastructure and Sustainability
Academic article
-
Dimanchev, Emil;
Fleten, Stein-Erik;
Gabriel, Steven Adam;
Korpås, Magnus.
(2024)
Effects of Electricity Sector Climate Policies in a Second-best World of Missing Risk Markets.
Findings
Academic article
2023
-
Martin, Jonas;
Dimanchev, Emil;
Neumann, Anne Franziska.
(2023)
Carbon abatement costs for renewable fuels in hard-to-abate transport sectors.
Advances in Applied Energy
Academic article
-
Dimanchev, Emil;
Knittel, Christopher.
(2023)
Designing climate policy mixes: Analytical and energy system modeling approaches.
Energy Economics
Academic article
-
Dimanchev, Emil;
Fleten, Stein-Erik;
MacKenzie, Don;
Korpås, Magnus.
(2023)
Accelerating electric vehicle charging investments: A real options approach to policy design.
Energy Policy
Academic article
2022
-
Dimanchev, Emil;
Qorbani, Davood;
Korpås, Magnus.
(2022)
Electric Vehicle Adoption Dynamics on the Road to Deep Decarbonization.
John Wiley & Sons
Chapter
-
Dimanchev, Emil;
Parsons, John;
Hodge, Joshua.
(2022)
Letter to the New York Public Service Commission. RE: Case Number 15-E-0302 – Letter Sharing Research Pertinent to the Champlain Hudson Power Express (CHPE).
Briefs
-
Martin, Jonas;
Dimanchev, Emil;
Neumann, Anne Franziska.
(2022)
Carbon Abatement Costs for Hydrogen Fuels in Hard-to-Abate Transport Sectors and Potential Climate Policy Mixes.
Briefs
-
Martin, Jonas;
Dimanchev, Emil;
Neumann, Anne.
(2022)
Carbon Abatement Costs for Hydrogen Fuels in Hard-to-Abate Transport Sectors and Potential Climate Policy Mixes.
Working Paper Series
Article in business/trade/industry journal
2021
-
Dimanchev, Emil;
Hodge, Joshua;
Parsons, John.
(2021)
The role of hydropower reservoirs in deep decarbonization policy.
Energy Policy
Academic article
2020
-
Dimanchev, Emil.
(2020)
Trade-offs in Climate Policy: Combining Low-Carbon Standards with Modest Carbon Pricing.
Briefs
2019
-
Dimanchev, Emil;
Paltsev, Sergey;
Yuan, Mei;
Rothenberg, Daniel;
Tessum, Christopher;
Marshall, Julian.
(2019)
Health co-benefits of sub-national renewable energy policy in the US.
Environmental Research Letters
Academic article
2017
-
Mehling, Michael;
Dimanchev, Emil.
(2017)
Achieving the Mexican Mitigation Targets: Options for an Effective Carbon Pricing Policy Mix.
GIZ Gmbh
Report
Journal publications
-
Dimanchev, Emil;
Gabriel, Steven Adam;
Reichenberg, Lina;
Korpås, Magnus.
(2024)
Consequences of the missing risk market problem for power system emissions.
Energy Economics
Academic article
-
Calder, Ryan S.D.;
Dimanchev, Emil;
Cohen, Stuart;
McManamay, Ryan A..
(2024)
Decision support for United States—Canada energy integration is impaired by fragmentary environmental and electricity system modeling capacity.
Environmental Research: Infrastructure and Sustainability
Academic article
-
Dimanchev, Emil;
Fleten, Stein-Erik;
Gabriel, Steven Adam;
Korpås, Magnus.
(2024)
Effects of Electricity Sector Climate Policies in a Second-best World of Missing Risk Markets.
Findings
Academic article
-
Martin, Jonas;
Dimanchev, Emil;
Neumann, Anne Franziska.
(2023)
Carbon abatement costs for renewable fuels in hard-to-abate transport sectors.
Advances in Applied Energy
Academic article
-
Dimanchev, Emil;
Knittel, Christopher.
(2023)
Designing climate policy mixes: Analytical and energy system modeling approaches.
Energy Economics
Academic article
-
Dimanchev, Emil;
Fleten, Stein-Erik;
MacKenzie, Don;
Korpås, Magnus.
(2023)
Accelerating electric vehicle charging investments: A real options approach to policy design.
Energy Policy
Academic article
-
Martin, Jonas;
Dimanchev, Emil;
Neumann, Anne.
(2022)
Carbon Abatement Costs for Hydrogen Fuels in Hard-to-Abate Transport Sectors and Potential Climate Policy Mixes.
Working Paper Series
Article in business/trade/industry journal
-
Dimanchev, Emil;
Hodge, Joshua;
Parsons, John.
(2021)
The role of hydropower reservoirs in deep decarbonization policy.
Energy Policy
Academic article
-
Dimanchev, Emil;
Paltsev, Sergey;
Yuan, Mei;
Rothenberg, Daniel;
Tessum, Christopher;
Marshall, Julian.
(2019)
Health co-benefits of sub-national renewable energy policy in the US.
Environmental Research Letters
Academic article
Part of book/report
-
Dimanchev, Emil;
Qorbani, Davood;
Korpås, Magnus.
(2022)
Electric Vehicle Adoption Dynamics on the Road to Deep Decarbonization.
John Wiley & Sons
Chapter
Report
-
Mehling, Michael;
Dimanchev, Emil.
(2017)
Achieving the Mexican Mitigation Targets: Options for an Effective Carbon Pricing Policy Mix.
GIZ Gmbh
Report
INFORMASJONSMATR
-
Dimanchev, Emil;
Parsons, John;
Hodge, Joshua.
(2022)
Letter to the New York Public Service Commission. RE: Case Number 15-E-0302 – Letter Sharing Research Pertinent to the Champlain Hudson Power Express (CHPE).
Briefs
-
Martin, Jonas;
Dimanchev, Emil;
Neumann, Anne Franziska.
(2022)
Carbon Abatement Costs for Hydrogen Fuels in Hard-to-Abate Transport Sectors and Potential Climate Policy Mixes.
Briefs
-
Dimanchev, Emil.
(2020)
Trade-offs in Climate Policy: Combining Low-Carbon Standards with Modest Carbon Pricing.
Briefs
Outreach
2024
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Academic lectureQorbani, Davood; Dimanchev, Emil; Fleten, Stein-Erik. (2024) Impact of optionality in charging station investment on the dynamics of electric vehicle diffusion . System Dynamics Society 42nd International System Dynamics Conference , Bergen 2024-08-04 - 2024-08-08
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Academic lectureDimanchev, Emil. (2024) Environmental Policy: Guest Lecture. NTNU Department of Electric Energy TET4185: Power Markets, Resources and Environment , Trondheim, Norway 2024-04-25 - 2024-04-25
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LectureDimanchev, Emil. (2024) Synergies between Offshore Wind and Bi-directional US-Canada Transmission. New England for Offshore Wind, Acadia Center, Environmental League of Massachusetts Bridging the Power Gap: How Bidirectional Clean Energy Benefits the US Northeast and Eastern Canada , Online 2024-10-09 - 2024-10-09
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Academic lectureDimanchev, Emil. (2024) A bi-level programming approach to climate policy design in liberalized power systems under risk. INFORMS INFORMS Annual Meeting , Seattle, WA 2024-10-22 - 2024-10-22
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Academic lectureDimanchev, Emil. (2024) Climate policy design in liberalized electricity markets with incomplete risk trading. DORS European Operations Research Conference , Copenhagen, Denmark 2024-07-02 - 2024-07-02
2023
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Academic lectureDimanchev, Emil. (2023) Carbon pricing, regulations, and near-optimal policy mixes. NTNU Energy Systems Seminar , Trondheim, Norway 2023-09-29 - 2023-09-29
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Academic lectureDimanchev, Emil. (2023) Climate policy effects on power systems with incomplete markets for risk. CentraleSupelec and University of Maryland 15th Trans-Atlantic Infraday Conference , Paris, France 2023-11-10 - 2023-11-10
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LectureDimanchev, Emil. (2023) Guest Lecture in Probabilistic Optimization. University of Maryland Equilibrium modeling of investment in power systems with risk aversion and incomplete markets , College Park, MD, USA 2023-11-01 - 2023-11-01
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Academic lectureDimanchev, Emil. (2023) Accelerating electric vehicle charging investments: a real options approach to policy design. MIT Center for Energy and Environmental Policy 2023 Spring MIT CEEPR Research Workshop , Cambridge, MA 2023-05-17 - 2023-05-18
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Academic lectureDimanchev, Emil. (2023) Modeling climate and energy policy. Princeton ZERO lab Guest seminar , Princeton, NJ 2023-05-22 - 2023-05-22
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LectureDimanchev, Emil. (2023) Guest Lecture in Equilibrium Modeling in Engineering. University of Maryland Equilibrium modeling of investment in electricity generation with risk aversion and incomplete markets , College Park, MD 2023-05-01 - 2023-05-01
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LectureDimanchev, Emil. (2023) Environmental Policy: Guest Lecture. NTNU Department of Electric Energy NTNU TET4185: Power Markets, Resources and Environment , Trondheim, Norway 2023-04-24 - 2023-04-24
2022
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Popular scientific lectureDimanchev, Emil. (2022) Deep Decarbonization of the Northeastern U.S. and the Role of Canadian Hydropower. Telecommunications, Utilities, and Energy (TUE) Committee in the Massachusetts House of Representatives Meeting of the TUE Committee of the Massachusetts House of Representatives , Virtual 2022-02-01 - 2022-02-01
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InterviewDimanchev, Emil; Halliday, Matthew. (2022) Hydro-Québec’s Billion-Dollar Power Struggle. Canadian Business Canadian Business [Newspaper] 2022-10-11
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Academic lectureDimanchev, Emil. (2022) Designing climate policy mixes: analytical and energy systems modeling approaches. MIT Joint Program MIT Joint Program Friday Meeting , Cambridge, MA, USA 2022-01-28 - 2022-01-28
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Academic lectureMartin, Jonas; Neumann, Anne; Ødegård, Anders; Dimanchev, Emil. (2022) Economics of sustainable hydrogen fuels for trucking, shipping and aviation. Hellenic Association for Energy Economics 17th IAEE European Energy Conference , Athens, Greece 2022-09-21 - 2022-09-24
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Academic lectureDimanchev, Emil. (2022) Designing climate policy mixes: analytical and energy systems modeling approaches. Chalmers University of Technology Division of Physical Resource Theory lunch seminar , Gothenburg, Sweden 2022-10-25 - 2022-10-25
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Academic lectureDimanchev, Emil. (2022) Optimal climate policy under political constraints and uncertainty: A bi-level optimization approach. Chalmers University of Technology Division of Physical Resource Theory weekly seminar , Gothenburg, Sweden 2022-10-26 - 2022-10-26
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InterviewDimanchev, Emil. (2022) One barrier to electric cars: Slow fleet turnover . Axios Axios [Newspaper] 2022-07-25
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InterviewDimanchev, Emil. (2022) Trust in carbon market ‘undermined’ by EU’s Russia plans, analysts warn. Euractiv Euractiv [Newspaper] 2022-05-19
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Academic lectureDimanchev, Emil. (2022) Optimal climate policy under political constraints and uncertainty: A bi-level optimization approach. Stockholm University 14th Annual Trans-Atlantic Infraday (TAI) Conference , Stockholm, Sweden 2022-11-03 - 2022-11-04
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InterviewDimanchev, Emil. (2022) REPowerEU funding through ETS: a Pandora’s box. Table Europe Table Europe [Newspaper] 2022-05-25
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Academic lectureDimanchev, Emil. (2022) Why wait? Modeling the timing of EV charging station investments and the role of policy. Finnish Operations Research Society European Operations Research Conference , Espoo, Finland 2022-07-03 - 2022-07-06
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InterviewDimanchev, Emil; Stauffer, Nancy. (2022) New England renewables + Canadian hydropower. MIT Energy Futures Magazine MIT Energy Futures Magazine [Newspaper] 2022-01-12
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Programme participationDimanchev, Emil. (2022) Superforecasting Long-Term Risks and Climate Change. Good Judgment Inc. Good Judgment Inc. [Internet] 2022-08-15
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Programme participationDimanchev, Emil. (2022) Seven questions for the G7: Superforecasting climate-fragility risks for the coming decade. adelphi research adelphi research [Internet] 2022-05-01
2021
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Academic lectureDimanchev, Emil; Qorbani, Davood; Korpås, Magnus. (2021) Implications of delays in fleet turnover policy implementations. System Dynamics Society 39th International Conference of the System Dynamics Society (2021) , Digitalt / Chicago 2021-07-26 - 2021-07-30
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Programme participationDimanchev, Emil. (2021) Hydro’s main value is not electricity generation, but storage for renewables. Energi Talks Podcast Energi Talks Podcast [Radio] 2021-06-07
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Interview