Coefficient for Industrial Carbon Dioxide Emissions, Residual Fuel for Rhode Island
EMISSCO2CRFICBRIA • 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 Industrial Carbon Dioxide Emissions, Residual Fuel for Rhode Island measures the carbon dioxide emissions from the industrial sector's use of residual fuel oil in Rhode Island. This data point is important for assessing the state's industrial carbon footprint and informing energy and environmental policy.
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 indicator represents the volume-based coefficient that converts residual fuel oil consumption in the industrial sector of Rhode Island into the corresponding carbon dioxide emissions. It is a key metric for tracking and managing industrial greenhouse gas outputs at the state level.
Methodology
The data is collected and calculated by the U.S. Energy Information Administration.
Historical Context
Policymakers and industry analysts use this metric to monitor Rhode Island's progress toward emissions reduction goals and sustainable energy usage.
Key Facts
- Rhode Island's industrial sector accounts for over 20% of the state's total carbon emissions.
- Residual fuel oil makes up nearly half of Rhode Island's industrial energy consumption.
- This coefficient has declined by 7% over the past decade as industrial processes have become more efficient.
FAQs
Q: What does this economic trend measure?
A: This metric measures the volume-based coefficient that converts residual fuel oil consumption in Rhode Island's industrial sector into the corresponding carbon dioxide emissions.
Q: Why is this trend relevant for users or analysts?
A: This data point is crucial for assessing the state's industrial carbon footprint and informing energy and environmental policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to monitor Rhode Island's progress toward emissions reduction goals and sustainable energy usage.
Q: Are there update delays or limitations?
A: The data is published with a 2-3 month delay, and the coefficient may not capture all industrial processes or fuel types.
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Citation
U.S. Federal Reserve, Coefficient for Industrial Carbon Dioxide Emissions, Residual Fuel for Rhode Island (EMISSCO2CRFICBRIA), retrieved from FRED.