Moody's Corporation released a new report estimating that the global economic impact of physical risks from climate change and natural catastrophes could amount to $41.4 trillion by 2050. The research highlights that approximately two-thirds of this loss is expected to be attributed to these escalating environmental threats. The report, which integrates these insights to shape a 2050 outlook, aims to facilitate crucial discussions on adaptation and resilience planning. It specifies that the estimates cover both acute physical risks like floods, heat waves, and wildfires, as well as chronic physical risks such as productivity loss and sea-level rise, under a scenario with no new transition policies. No specific market reaction to this announcement was available in the initial reports.