Coefficient for Electric Power Carbon Dioxide Emissions, Natural Gas (Pipeline) for Virginia
EMISSCO2CNGEIBVAA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.06
Year-over-Year Change
0.00%
Date Range
1/1/1980 - 1/1/2018
Summary
The Coefficient for Electric Power Carbon Dioxide Emissions, Natural Gas (Pipeline) for Virginia measures the carbon intensity of natural gas-fired electricity generation in the state. This data point is critical for understanding the environmental impact of energy production and informing policy decisions.
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 indicator represents the amount of carbon dioxide (CO2) emitted per unit of natural gas consumed for electricity generation in Virginia. It is used by energy analysts, policymakers, and environmental organizations to track trends in the carbon footprint of the state's power sector.
Methodology
The data is calculated based on energy consumption and emissions reporting from utility companies and state environmental agencies.
Historical Context
This metric helps inform strategies to reduce greenhouse gas emissions from the electricity grid and transition to cleaner energy sources.
Key Facts
- Virginia's electricity generation is ~35% natural gas-fired.
- The state has set a goal of 100% carbon-free electricity by 2050.
- This metric helps track progress towards renewable energy targets.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the carbon intensity of natural gas-fired electricity generation in Virginia, represented as the amount of CO2 emitted per unit of natural gas consumed.
Q: Why is this trend relevant for users or analysts?
A: This data point is crucial for understanding the environmental impact of energy production and informing policy decisions around reducing greenhouse gas emissions from the electricity sector.
Q: How is this data collected or calculated?
A: The data is calculated based on energy consumption and emissions reporting from utility companies and state environmental agencies.
Q: How is this trend used in economic policy?
A: This metric helps inform strategies to reduce carbon emissions from the electricity grid and transition to cleaner energy sources, supporting state-level energy and environmental policies.
Q: Are there update delays or limitations?
A: The data is published regularly, but may be subject to reporting lags from utility companies and state agencies.
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Citation
U.S. Federal Reserve, Coefficient for Electric Power Carbon Dioxide Emissions, Natural Gas (Pipeline) for Virginia (EMISSCO2CNGEIBVAA), retrieved from FRED.