Daniel Radov



Tel: +44 20 7659 8744
Fax: +44 20 7659 8501

Email: daniel.radov@nera.com
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MSc in economics, University College London
MPhil in history and philosophy of science, Cambridge University
BA in chemistry and philosophy, Williams College


Mr. Radov is a Director specializing in energy and environmental economics, and leads NERA's environment-related work in Europe. With more than 15 years of experience in the field, he is an expert in the economics of carbon markets, emissions trading, renewable energy, energy efficiency, and climate change. He has broad experience across a wide range of industries, including aviation, cement and lime, iron and steel, petroleum refineries and petrochemicals, and electric power generation and retail supply.

Mr. Radov's client work includes providing expert witness testimony (notably before the High Court of England and Wales on the valuation of emission rights), due diligence, policy design, and strategic advisory services. He has extensive experience advising investors seeking to understand regulatory and policy risk, and advising governments and other public sector bodies on policy design and market impacts. He has also acted as an expert witness and provided expert advice in arbitrations involving carbon markets, carbon pricing, renewable energy investments, and power purchase agreements. 

Mr. Radov has extensive experience in emissions trading, in both policy design and practical implications for business strategy and valuation. He has advised the European Commission and the UK and Dutch governments on the design of a wide range of policies, including the European Union Emissions Trading Scheme (EU ETS), other carbon pricing policies, renewables support policies, and in understanding the interactions of emissions trading with other market-based environmental policies (including feed-in tariffs, auctions, renewable certificates, and similar policies for energy efficiency). Mr. Radov has advised energy companies and others on the implications of climate change and energy policy packages for their existing operations and for future investment decisions.

Mr. Radov is a member of the UK Network of Environmental Economists and the British Institute of Energy Economics [or the International Association for Energy Economics]. 



Title Type Author
Offshore Revolution? Decoding the UK Offshore Wind Auctions and What the Results Mean... White Paper By Daniel Radov, Clemens Koenig, et. al.
Method or Madness: Insights from Germany’s Record-Breaking Offshore Wind Auction and ... White Paper By Dominik Hübler, Daniel Radov, and Lorenz Wieshammer
Renewable Auctions in Italy: Learning from the Experience in the UK and Germany Published Article Daniel Radov, Marco Schönborn, Dominik Hübler, et al.
Hurdle Rates and the Cost of Capital for Financing Electricity Generation in the UK Study By Dr. Richard Hern, Daniel Radov, Marija Spasovska, Jinzi Guo, et al.
Decarbonising Interconnected Power Markets: Should Germany Join France in Implementin... White Paper By Sean Gammons, Daniel Radov, and Dominik Hübler
Gale Force Competition? Auctions and Bidding Strategy for Offshore Wind White Paper Daniel Radov, Clemens Koenig, et. al.
UK Renewable Subsidies and Whole System Costs Report By Daniel Radov and Alon Carmel
Modelling the GB Renewable Electricity CfD Auctions – the cost of excluding onshore w... Report By Daniel Radov, Richard Marsden, Alon Carmel, George Anstey, Sam Forrest, Konrad Borkowski, and Dr. Clemens Koenig
Energy Taxation and Subsidies in Europe: A Report on Government Revenues, Subsidies a... Report By Daniel Radov et al.
Offshore Wind Economics Under EMR: Quantifying the Risks Presentation By Daniel Radov, et al.