Allianz安联：2024年气候变化下的长期资本市场收益研究报告：美国的经验启示（英文版）

• The materialization of physical climate risks is driving up disaster-related costs, which will ultimately translate into increased economic volatility, higher average inflation and lower real growth. What will this mean for investors? In this report, we try to answer the three biggest questions by looking at US markets. First, through which channels will climate change affect your portfolio? Second, what will it mean for expected returns in different asset classes? Third, how do correlation