Coefficient for Industrial Carbon Dioxide Emissions, Distillate Fuel for North Dakota
EMISSCO2CDFICBNDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73.15
Year-over-Year Change
0.00%
Date Range
1/1/1980 - 1/1/2018
Summary
The Coefficient for Industrial Carbon Dioxide Emissions, Distillate Fuel for North Dakota measures the rate of CO2 emissions from industrial distillate fuel use in the state. This metric is crucial for policymakers and researchers tracking industrial environmental impacts.
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 series represents the carbon emissions coefficient, or the amount of CO2 released per unit of distillate fuel consumed by North Dakota's industrial sector. It is used to estimate the environmental footprint of industrial activity and inform policies aimed at reducing greenhouse gas emissions.
Methodology
The data is calculated by the U.S. Energy Information Administration based on reported industrial fuel consumption and standard emissions factors.
Historical Context
Trends in this metric help analysts assess the industrial sector's progress toward emissions reduction goals and the efficacy of related policies.
Key Facts
- North Dakota's industrial sector accounts for over a quarter of the state's total CO2 emissions.
- Distillate fuel, including diesel and heating oil, represents around 15% of North Dakota's industrial energy use.
- The average emissions coefficient for industrial distillate fuel in the U.S. is 73.96 kg CO2/MMBtu.
FAQs
Q: What does this economic trend measure?
A: This trend measures the coefficient, or rate, of carbon dioxide emissions from industrial distillate fuel consumption in North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing the environmental impact of North Dakota's industrial sector and informing policies aimed at reducing 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 reported industrial fuel consumption and standard emissions factors.
Q: How is this trend used in economic policy?
A: Trends in this metric help analysts and policymakers track progress toward emissions reduction goals and evaluate the effectiveness of related policies in the industrial sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Coefficient for Industrial Carbon Dioxide Emissions, Distillate Fuel for North Dakota (EMISSCO2CDFICBNDA), retrieved from FRED.