The workshop will address the recent developments in the mathematics and the practical management of risk emanating from recent trends in the electricity and energy markets, as well as financial tools to climate change mitigation and risk transfer. Many problems arising from the analysis of commodities and energy markets, demand the development of new mathematical tools. Some of the ongoing issues include incorporation of renewable energy production into the conventional power grid, complex correlations in electricity prices due to the multiple fuels used and impact of carbon allowances or taxes on electricity markets. These lead to challenges at the intersection of stochastic control, stochastic analysis, as well as computational methods. A goal of the workshop will be to foster interactions between academia and industry.