Coefficient for Industrial Carbon Dioxide Emissions, Residual Fuel for Alabama
EMISSCO2CRFICBALA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78.80
Year-over-Year Change
0.00%
Date Range
1/1/1980 - 1/1/2018
Summary
The Coefficient for Industrial Carbon Dioxide Emissions, Residual Fuel for Alabama measures the greenhouse gas emissions from industrial use of residual fuel oil in Alabama. This metric is important for economists and policymakers tracking environmental impacts of industrial activity.
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 released per unit of residual fuel oil consumed by industrial facilities in the state of Alabama. It is used to estimate the environmental footprint of Alabama's industrial sector and inform policies aimed at reducing greenhouse gas emissions.
Methodology
The data is calculated by the U.S. Energy Information Administration based on state-level industrial fuel consumption and emissions factors.
Historical Context
Trends in this metric are relevant for assessing the efficacy of industrial emissions reduction policies and monitoring progress toward environmental goals.
Key Facts
- Alabama's industrial sector accounts for a significant portion of the state's total greenhouse gas emissions.
- Residual fuel oil is a high-carbon fossil fuel commonly used in industrial processes.
- Reducing industrial carbon emissions is a key priority for many state and federal environmental policies.
FAQs
Q: What does this economic trend measure?
A: This metric measures the amount of carbon dioxide released per unit of residual fuel oil consumed by industrial facilities in Alabama.
Q: Why is this trend relevant for users or analysts?
A: Trends in this indicator are important for assessing the environmental impact of Alabama'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 state-level industrial fuel consumption and emissions factors.
Q: How is this trend used in economic policy?
A: This metric is relevant for policymakers and economists monitoring progress toward environmental goals and the effectiveness of industrial emissions reduction policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent changes in industrial activity and emissions.
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Citation
U.S. Federal Reserve, Coefficient for Industrial Carbon Dioxide Emissions, Residual Fuel for Alabama (EMISSCO2CRFICBALA), retrieved from FRED.