NO.PZ2024021801000042
问题如下：
A coal-fired utility has no climate change adaptation strategy. Which of the following parties would be most severely impacted by a transition to a low-carbon economy?选项：
A.Creditors B.Bondholders C.Equity shareholders解释：
C. Correct because carbon-intensive companies like coal-powered utilities without an adaptation strategy will be at risk in the transition to a low-carbon economy. In such a scenario, equity shareholders (who are subordinate to creditors and bondholders in the capital structure) will be disproportionately impacted.
讲义提到，气候改变对长期债券影响大。对股票来说，气候改变影响的是宏观经济。所以受影响的不应该是选项B——债券吗？
