As the real-world impacts of climate change become more apparent – such as increased flooding, extreme heat, and more chaotic weather - attention is being directed to the risk this poses to companies, investors, and the economy. As it stands, the world is not on track to achieve the Paris Agreement goals and it is obvious that the impact of current warming is already driving real-world damage. In this talk we will discuss what more investors can do to adequately judge and understand climate-risks, and we will try to dispel the often-held perception that financial climate risks are only a “future”- and not a “now” – problem. To do this we will delve into the basics of climate science and how improved scientific understanding will help us better form judgments on the financial risks, we will also discuss the limitations of current climate/economic modelling and draw on examples from the insurance sector to understand where risks (and opportunities) may lie.