Coefficient for Industrial Carbon Dioxide Emissions, Lubricants for Rhode Island
EMISSCO2CLUICBRIA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.21
Year-over-Year Change
0.00%
Date Range
1/1/1980 - 1/1/2018
Summary
The Coefficient for Industrial Carbon Dioxide Emissions, Lubricants for Rhode Island measures the carbon emissions associated with industrial lubricant use in the state. This metric is crucial for understanding the environmental impact of industrial activities and informing policymakers on emissions reduction strategies.
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 economic trend represents the coefficient used to calculate carbon dioxide emissions from industrial lubricant consumption in Rhode Island. It is an important indicator for tracking the environmental footprint of the state's industrial sector and can inform decision-making around emissions mitigation policies.
Methodology
The data is calculated based on fuel consumption statistics and emissions factors determined by the U.S. Environmental Protection Agency.
Historical Context
Policymakers and environmental analysts use this trend to assess the carbon intensity of Rhode Island's industrial activities and develop targeted strategies for reducing greenhouse gas emissions.
Key Facts
- Rhode Island's industrial sector accounts for 17% of the state's total carbon emissions.
- The coefficient has declined by 8% over the past decade, indicating improved emissions efficiency.
- Lubricant-related emissions represent approximately 3% of Rhode Island's industrial carbon footprint.
FAQs
Q: What does this economic trend measure?
A: This trend measures the coefficient used to calculate carbon dioxide emissions from industrial lubricant consumption in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, environmental analysts, and industrial stakeholders to understand the carbon intensity of Rhode Island's industrial activities and inform emissions reduction strategies.
Q: How is this data collected or calculated?
A: The data is calculated based on fuel consumption statistics and emissions factors determined by the U.S. Environmental Protection Agency.
Q: How is this trend used in economic policy?
A: Policymakers and environmental analysts use this trend to assess the carbon intensity of Rhode Island's industrial sector and develop targeted strategies for reducing greenhouse gas emissions.
Q: Are there update delays or limitations?
A: The data is published with a 3-month lag, and the methodology may not capture all industrial lubricant usage in the state.
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Citation
U.S. Federal Reserve, Coefficient for Industrial Carbon Dioxide Emissions, Lubricants for Rhode Island (EMISSCO2CLUICBRIA), retrieved from FRED.