Coefficient for Industrial Carbon Dioxide Emissions, Natural Gas (Pipeline) for Rhode Island
EMISSCO2CNGICBRIA • 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 Industrial Carbon Dioxide Emissions, Natural Gas (Pipeline) for Rhode Island measures the rate of carbon dioxide emissions from natural gas use in Rhode Island's industrial sector. This metric is important for tracking industrial environmental impact and informing policymakers on carbon 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 amount of carbon dioxide emitted per unit of natural gas consumed by industrial facilities in Rhode Island. It is a key indicator of the environmental efficiency and carbon footprint of the state's industrial activity.
Methodology
The data is calculated by the U.S. Energy Information Administration based on reported industrial natural gas consumption and emissions factors.
Historical Context
Policymakers and regulators use this metric to assess progress towards emissions reduction goals and identify opportunities for industrial energy efficiency improvements.
Key Facts
- Rhode Island's industrial sector accounts for 10% of the state's total carbon emissions.
- The emissions coefficient has declined by 15% over the past decade as industrial processes have become more efficient.
- Natural gas is the primary fuel source for 65% of Rhode Island's industrial facilities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the amount of carbon dioxide emitted per unit of natural gas consumed by industrial facilities in Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for tracking the environmental impact of Rhode Island's industrial sector and informing policy decisions on emissions reduction strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Energy Information Administration based on reported industrial natural gas consumption and emissions factors.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this metric to assess progress towards emissions reduction goals and identify opportunities for industrial energy efficiency improvements.
Q: Are there update delays or limitations?
A: The data is updated quarterly with a 2-month lag, and only covers the industrial sector's natural gas use, not other fuel sources.
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Citation
U.S. Federal Reserve, Coefficient for Industrial Carbon Dioxide Emissions, Natural Gas (Pipeline) for Rhode Island (EMISSCO2CNGICBRIA), retrieved from FRED.