NO.PZ2024010503000020
问题如下：
The basis for the carbon risk premium is that studies:选项：
A.definitely show that companies with higher CO2 emissions are associated with higher returns. B.definitely show that companies with higher CO2 emissions are associated with lower returns. C.are inconclusive in establishing a definitive link between CO2 emissions and returns.解释：
C is correct. A carbon risk premium is said to exist when investors require higher compensation for the perceived risk from investing in high-carbon companies. Several studies have argued that that companies with higher (absolute levels of or relative increases in) CO2 emissions are associated with higher returns. However, studies have also found evidence for the converse—a positive link between reductions in carbon footprint and improvements returns."a positive link between reductions in carbon footprint and improvements returns" that measn higher CO2 emssions are associated with higher returns.
so why the C is not correct?
