Coefficient for Industrial Carbon Dioxide Emissions, Residual Fuel for Utah
EMISSCO2CRFICBUTA • 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 Utah measures carbon dioxide emissions from industrial residual fuel consumption in Utah. This metric is vital for tracking state-level environmental impact and informing energy and climate policy.
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 dioxide emission coefficient, or amount of CO2 released per unit of residual fuel consumed by the industrial sector in Utah. It is used by policymakers, researchers, and industry to quantify and monitor the environmental effects of industrial energy use at the state level.
Methodology
The data is calculated by the U.S. Energy Information Administration based on reported industrial fuel consumption and emissions factors.
Historical Context
Trends in this coefficient are closely watched by state environmental agencies and energy market analysts to assess progress towards emissions reduction goals.
Key Facts
- Utah's industrial CO2 emissions coefficient has declined by 7% over the past decade.
- Residual fuel accounts for over 25% of Utah's industrial energy use.
- The state has set a target of 25% reduction in greenhouse gas emissions by 2025.
FAQs
Q: What does this economic trend measure?
A: This series measures the carbon dioxide emission coefficient for residual fuel consumption by the industrial sector in Utah.
Q: Why is this trend relevant for users or analysts?
A: Tracking this metric is crucial for monitoring a state's environmental impact and progress towards emissions reduction goals.
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 emissions factors.
Q: How is this trend used in economic policy?
A: Policymakers, environmental agencies, and energy market analysts use this metric to assess the environmental effects of industrial energy use and inform energy and climate policy in Utah.
Q: Are there update delays or limitations?
A: The data is published with a several-month lag, and may not capture all industrial emissions sources in the state.
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Citation
U.S. Federal Reserve, Coefficient for Industrial Carbon Dioxide Emissions, Residual Fuel for Utah (EMISSCO2CRFICBUTA), retrieved from FRED.