Rüdiger Kiesel

Professor Rüdiger Kiesel serves as Chairholder of "Energy Trading and Financial Services" at the University Duisburg-Essen, Faculty of Business and Economics, and is a member of the board of the "House of Energy, Climate and Finance." Previously, he directed the Institute for Mathematical Finance at the University of Ulm and held academic positions at Birkbeck College, University of London, London School of Economics (both full-time and visiting), and University of Oslo.

Professor Kiesel's research focuses on Climate Finance and Risk Management in the face of climate change. His work addresses the uniquely global, long-term, irreversible, and uncertain nature of climate risks. He develops approaches to improve climate risk analysis within traditional risk categories (credit, market, etc.) and investigates measures to increase organizational resilience. His research examines climate change as a systemic risk for financial institutions, with special attention to the climate insurance protection gap and the need for appropriate insurance policies, alternative risk transfer mechanisms, and public-private partnerships.

Analysis of Professor Kiesel's recent publications reveals a strong focus on energy markets, particularly intraday electricity trading, and the intersection of climate change with financial risk management. His work demonstrates increasing attention to climate risk modeling, carbon finance, and the application of advanced statistical methods like Hawkes processes to understand market microstructure. The research trajectory shows a clear progression toward addressing the financial implications of climate transition and physical climate risks through sophisticated quantitative approaches.

Professor Kiesel actively consults for financial institutions, utilities, and regulators on (carbon, credit, and energy) risk management, derivative pricing models, and asset allocation strategies. He has co-authored influential monographs including "Carbon Finance" and "Risk-Neutral Valuation" and has organized numerous international conferences, summer schools, and practitioner seminars.

Within the "House of Energy, Climate and Finance" framework, Professor Kiesel leads research on developing methodologies to analyze climate risks within traditional financial risk categories. His team investigates measures to increase resilience against climate-related financial disruptions and designs new financial products to facilitate the decarbonization path, with particular focus on market microstructure analysis in electricity markets and climate risk integration in credit models.