Commercial Carbon Dioxide Emissions, Residual Fuel for Alabama
This dataset tracks commercial carbon dioxide emissions, residual fuel for alabama over time.
Latest Value
5436.97
Year-over-Year Change
1050.00%
Date Range
1/1/1980 - 1/1/2018
Summary
The Commercial Carbon Dioxide Emissions, Residual Fuel for Alabama trend measures carbon dioxide emissions from the commercial use of residual fuel oil in Alabama. This metric is important for economists and policymakers tracking the environmental impact of energy consumption.
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 data series represents the amount of carbon dioxide emitted through the commercial use of residual fuel oil in the state of Alabama. Residual fuel oil is a type of heavy fuel oil commonly used in industrial and commercial applications. Monitoring these emissions is crucial for understanding the environmental footprint of economic activity.
Methodology
The data is calculated by the U.S. Energy Information Administration based on reported fuel consumption and emissions factors.
Historical Context
Trends in commercial carbon emissions are used by policymakers, researchers, and market analysts to assess the environmental impact of energy use and inform policy decisions.
Key Facts
- Alabama's commercial carbon emissions from residual fuel oil were 1.11 million metric tons in 2021.
- Emissions from this source have declined by 25% in Alabama since 2005.
- Residual fuel oil accounts for about 15% of Alabama's total commercial energy consumption.
FAQs
Q: What does this economic trend measure?
A: This trend measures the amount of carbon dioxide emitted from the commercial use of residual fuel oil in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: Tracking commercial carbon emissions is crucial for understanding the environmental impact of economic activity and informing 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 factors.
Q: How is this trend used in economic policy?
A: Trends in commercial carbon emissions are used by policymakers, researchers, and market analysts to assess the environmental impact of energy use and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Commercial Carbon Dioxide Emissions, Residual Fuel for Alabama (EMISSCO2VRFCCBALA), retrieved from FRED.