Residual Fuel Industrial Sector Carbon Dioxide Emissions
This dataset tracks residual fuel industrial sector carbon dioxide emissions over time.
Latest Value
3.44
Year-over-Year Change
-60.92%
Date Range
1/1/1973 - 1/1/2022
Summary
This economic trend measures the carbon dioxide emissions from the industrial sector's use of residual fuel oil, an important indicator of industrial energy consumption and environmental impact.
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 Residual Fuel Industrial Sector Carbon Dioxide Emissions trend tracks the volume of carbon dioxide released into the atmosphere from the industrial sector's consumption of residual fuel oil, a type of heavy fuel oil used for industrial processes and power generation.
Methodology
The data is calculated by the U.S. Energy Information Administration based on industrial fuel consumption statistics.
Historical Context
This metric is closely monitored by policymakers, researchers, and industry analysts to assess the environmental sustainability of industrial activities.
Key Facts
- Residual fuel oil accounts for about 5% of total industrial energy consumption in the U.S.
- Industrial CO2 emissions from residual fuel use have declined by over 50% since 2005.
- The industrial sector is responsible for around 22% of total U.S. energy-related CO2 emissions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of carbon dioxide emissions from the industrial sector's consumption of residual fuel oil, a type of heavy fuel used for industrial processes and power generation.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the environmental impact and energy consumption patterns of the industrial sector, which is a key driver of economic activity and a major source of greenhouse gas emissions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Energy Information Administration based on industrial fuel consumption statistics.
Q: How is this trend used in economic policy?
A: Policymakers, researchers, and industry analysts closely monitor this metric to understand the environmental sustainability of industrial activities and inform policies aimed at reducing industrial carbon emissions.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Energy Information Administration, with occasional delays due to the time required to collect and process the underlying fuel consumption statistics.
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Citation
U.S. Energy Information Administration, Residual Fuel Industrial Sector Carbon Dioxide Emissions (EMISSCO2VRFICBA), retrieved from FRED.