NO.PZ2024010507000005
问题如下：
High carbon intensity of a project most likely leads to lower:
选项：
A.cost of debt.
B.risk of default on debt.
C.fair value of a company’s equity.
解释：
C is correct. A carbon-intensive company/project might be subject to material risks, including financial, regulatory, and legal factors that could affect the company’s/project’s credit risk and lead to higher discount rates for the company’s/ project’s future cash flows and lower fair value of the company/project. The risks brought by developing a high-carbon-intensity project increase the cost of debt for the company/project compared to lower-carbon-intensity companies/projects and consequentially increase the risk of default on debt.cost of debt
