Unexpected Climate News Innovation (UCNI) Index
Definition
The unexpected climate news index (UCNI) is a metric used to capture the unexpected component of daily changes in climate change news. It is derived by assuming an auto-regressive AR(1) process for the climate news indices (CNI), where the changes in unexpected climate change news represent the innovations. The UCNI provides a tool for understanding and quantifying the influence of unexpected climate news on equity portfolios, thereby aiding investors and industry professionals in making informed decisions.
About EDHEC
Operating from campuses in Lille, Nice, Paris, London and Singapore, EDHEC is one of the world’s top 15 business schools. Fully international and directly connected to the business world, EDHEC commands a strong reputation for research excellence and the ability to train entrepreneurs and managers capable of breaking new ground. EDHEC functions as a genuine laboratory of ideas and produces innovative solutions valued by businesses. The School’s teaching is inspired by its research work and a focus on “learning by doing”, all with the aim of equipping people with the skills to succeed in business.
