Based on the global climate change, analyze the risks of these assets

Agency Bond / Natural Resource Investment / Real Estate

Market risk, economic recession and a stock market collapse by the climate chage.

Business Risk, vale of stock reported lower than expected earning. Some climate changes have caused losses for certain company relying on climate condition

Agency Bond interest risk due to climate changes

Natural Resource Investment, Pollution risk Environment problems requiring governance costs and tax. Idiosyncratic Risk. environmental risks that range from soil contamination to pollution, Or a wildfire in California