For the past year, we have been working with climate scientists at the Woods Hole Research Center (WHRC) to study, model, and map the effects of climate change on capital markets. As we begin to convey our initial findings, many of our clients and colleagues have asked us about the accuracy of climate models. How reliable are they? Are they repeatable across regions, time frames, or phenomena? Are they informative? These are fair questions. After all, in the investment industry, a financial model with a consistent hit rate over 50 percent is remarkable. If we are going to use climate models to inform our investment decisions, we need to be confident that those models contain accurate information.