With a significant reading of 137, or 39.83%, the sentiment analysis of social media conversations on the carbon market shows positive rise for the current report for the week of February 2, 2024. The Index of Carbon Sentiment (TICS) shows positivity overall. On the other hand, the neutral reading of 132 (38.37%) represents a fair-minded viewpoint, presenting a wide variety of viewpoints in the discussion surrounding the carbon market. The negative reading of 75 (21.8%) indicates a noticeable but modest degree of negativity, which is not overwhelming the conversations but rather helps to create a more balanced mood landscape.
TICS current report for the week of February 2, 2024
About The Index of Carbon Sentiment (TICS):
TICS is a weekly sentiment analysis of the carbon market, with a single question: What is the sentiment of social media participants regarding the carbon market?
Utilizing a Python script with keyword(s) related to the carbon market (e.g., ‘Voluntary Carbon Markets’) and measuring weekly sentiment from posts and comments within the last seven (7) days (e.g., ‘Monday – Sunday’). Thereinafter, utilizing Microsoft Power BI to analyze posts and comments based on three (3) sentiments: positive, neutral, or negative.
The key finding is that Natural Language Processing (NLP) is an excellent and inexpensive tool to gauge and build a confidence barometer, comprehending collective viewpoints about carbon market participants, while monitoring for varying thought patterns and overall awareness of the emission offset market, as the call to lower carbon emissions amongst and above triple helix groups accelerates globally.
While many surveys are conducted by industry groups and private consulting firms semi-annually or annually, carbon market participants can now access the weekly TICS report to measure whether amongst or above triple helix groups remain optimistic or pessimistic regarding the carbon markets.
Karbon Offsets aims to provide the ‘positive sentiment’ indices report publicly on the Karbon Offset ‘Research Analysis’ page and on the ‘Opinion/News’ page weekly, while the weekly aggregate of ‘neutral’ and ‘negative’ sentiments report and overall qualitative data will remain on the ‘Data Portal’ subscription page. For the first month, all three sentiment scores will be publicly available.
TICS REPORT POSITIVE AND NEGATIVE FACTORS
Merits of TICS report: The report’s dynamic and timely (weekly) analysis offers more frequent insights compared to traditional semi-annual or annual surveys, providing a view of varying thought patterns and overall awareness of the emission offset market.
Lag Factor: Not greater or less than seven (7) days
Indicators to Monitor: Equal weighting of aggregated negative and neutral sentiment and/or positive sentiment below neutral reading.
Revision Factor: None
Negatives of TICS report: The report’s drawback lies within its small data sample set, although, on aggregate, it surpasses other widely available semi-annual or annual reports and surveys. The total post and comments sample size varies weekly.
