Emil Dimanchev
About
Research
My research investigates climate policy design, energy system planning, and energy market economics. My approach is interdisciplinary with a focus on operations research, economics, and engineering. The research questions I focus on are also informed by perspectives from political science, finance, and natural sciences.
My PhD focuses on the impact of investor uncertainty and risk aversion on the clean energy transition and on how climate policies should account for investment risk. I am developing stochastic optimization models that address these questions in the contexts of power system planning and EV charging station investments.
The pace of the clean energy transition is out of line with governments' climate change goals. The first publication of my PhD investigates the extent to which passenger vehicles must be electrified for nations to reach 2C and 1.5C climate targets. Based on a meta-analysis of decarbonization pathways, we find that most vehicles must be zero-emission by 2050. Using fleet turnover modeling, we show that this requires an acceleration of electric vehicle sales and of the retirement of internal combustion engine vehicles.
The second publication of my PhD investigates how policy can accelerate investment in EV charging stations by accounting for the risks faced by private-sector investors using real options modeling. In my third project, I am exploring how power system decarbonization is impacted by investor uncertainty, risk aversion, and the incompleteness of risk markets. For this purpose I am developing new stochastic optimization and game theoretic equilibrium methods for modeling power system expansion under uncertainty.
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 Senior 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.
You can find my publications at https://emildimanchev.com
Competencies
Publications
2023
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Dimanchev, Emil;
Knittel, Christopher.
(2023)
Designing climate policy mixes: Analytical and energy system modeling approaches.
Energy Economics.
volum 122.
Academic article
2022
-
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
-
Dimanchev, Emil;
Qorbani, Davood;
Korpås, Magnus.
(2022)
Electric Vehicle Adoption Dynamics on the Road to Deep Decarbonization.
The 4Ds of Energy Transition: Decarbonization, Decentralization, Decreasing Use, and Digitalization.
Chapter
-
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
-
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
2021
-
Dimanchev, Emil;
Hodge, Joshua;
Parsons, John.
(2021)
The role of hydropower reservoirs in deep decarbonization policy.
Energy Policy.
volum 155.
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;
Selin, Noelle.
(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.
2017.
Report
Journal publications
-
Dimanchev, Emil;
Knittel, Christopher.
(2023)
Designing climate policy mixes: Analytical and energy system modeling approaches.
Energy Economics.
volum 122.
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
-
Dimanchev, Emil;
Hodge, Joshua;
Parsons, John.
(2021)
The role of hydropower reservoirs in deep decarbonization policy.
Energy Policy.
volum 155.
Academic article
-
Dimanchev, Emil;
Paltsev, Sergey;
Yuan, Mei;
Rothenberg, Daniel;
Tessum, Christopher;
Marshall, Julian;
Selin, Noelle.
(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.
The 4Ds of Energy Transition: Decarbonization, Decentralization, Decreasing Use, and Digitalization.
Chapter
Report
-
Mehling, Michael;
Dimanchev, Emil.
(2017)
Achieving the Mexican Mitigation Targets: Options for an Effective Carbon Pricing Policy Mix.
2017.
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
Media
2022
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Popular scientific lectureDimanchev, Emil. (2022) Deep Decarbonization of the Northeastern U.S. and the Role of Canadian Hydropower. Meeting of the TUE Committee of the Massachusetts House of Representatives . Telecommunications, Utilities, and Energy (TUE) Committee in the Massachusetts House of Representatives; Virtual. 2022-02-01 - 2022-02-01.
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Academic lectureDimanchev, Emil. (2022) Designing climate policy mixes: analytical and energy systems modeling approaches. MIT Joint Program Friday Meeting . MIT Joint Program; Cambridge, MA, USA. 2022-01-28 - 2022-01-28.
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Academic lectureDimanchev, Emil. (2022) Designing climate policy mixes: analytical and energy systems modeling approaches. Division of Physical Resource Theory lunch seminar . Chalmers University of Technology; Gothenburg, Sweden. 2022-10-25 - 2022-10-25.
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InterviewDimanchev, Emil. (2022) One barrier to electric cars: Slow fleet turnover. Axios [Avis]. 2022-07-25.
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Academic lectureDimanchev, Emil. (2022) Optimal climate policy under political constraints and uncertainty: A bi-level optimization approach. 14th Annual Trans-Atlantic Infraday (TAI) Conference . Stockholm University; Stockholm, Sweden. 2022-11-03 - 2022-11-04.
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Academic lectureDimanchev, Emil. (2022) Optimal climate policy under political constraints and uncertainty: A bi-level optimization approach. Division of Physical Resource Theory weekly seminar . Chalmers University of Technology; Gothenburg, Sweden. 2022-10-26 - 2022-10-26.
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InterviewDimanchev, Emil. (2022) REPowerEU funding through ETS: a Pandora’s box. Table Europe [Avis]. 2022-05-25.
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Programme participationDimanchev, Emil. (2022) Seven questions for the G7: Superforecasting climate-fragility risks for the coming decade. adelphi research [Internett]. 2022-05-01.
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Programme participationDimanchev, Emil. (2022) Superforecasting Long-Term Risks and Climate Change. Good Judgment Inc. [Internett]. 2022-08-15.
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InterviewDimanchev, Emil. (2022) Trust in carbon market ‘undermined’ by EU’s Russia plans, analysts warn. Euractiv [Avis]. 2022-05-19.
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Academic lectureDimanchev, Emil. (2022) Why wait? Modeling the timing of EV charging station investments and the role of policy. European Operations Research Conference . Finnish Operations Research Society; Espoo, Finland. 2022-07-03 - 2022-07-06.
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InterviewDimanchev, Emil; Halliday, Matthew. (2022) Hydro-Québec’s Billion-Dollar Power Struggle. Canadian Business [Avis]. 2022-10-11.
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InterviewDimanchev, Emil; Stauffer, Nancy. (2022) New England renewables + Canadian hydropower. MIT Energy Futures Magazine [Avis]. 2022-01-12.
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Academic lectureMartin, Jonas; Neumann, Anne; Ødegård, Anders; Dimanchev, Emil. (2022) Economics of sustainable hydrogen fuels for trucking, shipping and aviation. 17th IAEE European Energy Conference . Hellenic Association for Energy Economics; Athens, Greece. 2022-09-21 - 2022-09-24.
2021
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Programme participationDimanchev, Emil. (2021) Hydro’s main value is not electricity generation, but storage for renewables. Energi Talks Podcast [Radio]. 2021-06-07.
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InterviewDimanchev, Emil. (2021) Combating Climate Change. Solar Tribune [Internett]. 2021-02-21.
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Academic lectureDimanchev, Emil; Qorbani, Davood; Korpås, Magnus. (2021) Implications of delays in fleet turnover policy implementations. 39th International Conference of the System Dynamics Society (2021) . System Dynamics Society; Digitalt / Chicago. 2021-07-26 - 2021-07-30.