Industrial Carbon Dioxide Emissions, All Fuels for Massachusetts
EMISSCO2TOTVICTOMAA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.29
Year-over-Year Change
6.62%
Date Range
1/1/1970 - 1/1/2021
Summary
This trend measures industrial carbon dioxide emissions from all fuel sources in Massachusetts. It provides insights into the state's industrial energy use and greenhouse gas output, which are crucial for environmental and economic 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
The Industrial Carbon Dioxide Emissions, All Fuels for Massachusetts series tracks total carbon dioxide (CO2) emissions from industrial activity in the state. This metric is an important indicator of the environmental impact and energy consumption of Massachusetts' manufacturing and industrial sectors.
Methodology
The data is collected and calculated by the U.S. Energy Information Administration (EIA) based on state-level energy use and emissions factors.
Historical Context
Policymakers and industry analysts use this trend to monitor progress towards emissions reduction goals and understand the role of manufacturing in Massachusetts' overall carbon footprint.
Key Facts
- Massachusetts aims to achieve net-zero greenhouse gas emissions by 2050.
- Industrial activity accounts for about 20% of total CO2 emissions in Massachusetts.
- Emissions from the state's manufacturing sector have declined by 15% since 2005.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total carbon dioxide emissions from industrial activity, including manufacturing, in the state of Massachusetts. It covers emissions from all fuel sources used by these sectors.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the environmental impact and energy consumption of Massachusetts' industrial base, which is crucial for policymakers, regulators, and industry stakeholders to monitor progress towards emissions reduction goals.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Energy Information Administration based on state-level energy use and emissions factors.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to understand the role of manufacturing in Massachusetts' overall carbon footprint and inform strategies to achieve the state's emissions reduction targets.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so the most recent values may not fully reflect the current economic conditions. Additionally, the trend does not provide a breakdown by individual industries or fuel types.
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Citation
U.S. Energy Information Administration, Industrial Carbon Dioxide Emissions, All Fuels for Massachusetts (EMISSCO2TOTVICTOMAA), retrieved from FRED.