Coefficient for Electric Power Carbon Dioxide Emissions, Residual Fuel for Maine
EMISSCO2CRFEIBMEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78.80
Year-over-Year Change
0.00%
Date Range
1/1/1980 - 1/1/2018
Summary
The Coefficient for Electric Power Carbon Dioxide Emissions, Residual Fuel for Maine measures the carbon dioxide emissions per unit of residual fuel consumed for electricity generation in Maine. This metric is crucial for tracking the environmental impact of the state's power sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This trend represents the carbon dioxide emissions coefficient for residual fuel used in Maine's electric power industry. The coefficient is a standardized measure that allows for comparisons of emissions intensities across fuels and regions, informing energy and environmental policy decisions.
Methodology
The data is calculated by the U.S. Energy Information Administration based on reported fuel consumption and emissions data.
Historical Context
Policymakers and energy analysts use this metric to monitor the carbon footprint of Maine's electricity generation and inform strategies for reducing greenhouse gas emissions.
Key Facts
- Maine's electricity sector accounts for over 30% of the state's total greenhouse gas emissions.
- Residual fuel oil is a major energy source for Maine's power plants.
- The emissions coefficient has declined by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the carbon dioxide emissions per unit of residual fuel consumed for electricity generation in Maine.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for tracking the environmental impact of Maine's power sector and informing energy and climate policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Energy Information Administration based on reported fuel consumption and emissions data.
Q: How is this trend used in economic policy?
A: Policymakers and energy analysts use this metric to monitor the carbon footprint of Maine's electricity generation and inform strategies for reducing greenhouse gas emissions.
Q: Are there update delays or limitations?
A: The data is updated quarterly with a short delay, and may be subject to revisions as new information becomes available.
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Citation
U.S. Federal Reserve, Coefficient for Electric Power Carbon Dioxide Emissions, Residual Fuel for Maine (EMISSCO2CRFEIBMEA), retrieved from FRED.