Electric Power Carbon Dioxide Emissions, Natural Gas for Massachusetts
EMISSCO2TOTVECNGMAA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.08
Year-over-Year Change
-26.27%
Date Range
1/1/1970 - 1/1/2021
Summary
This trend measures carbon dioxide emissions from natural gas used for electric power generation in Massachusetts. It provides insight into the environmental impact of the state's energy mix and is a key indicator for policymakers and industry analysts.
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
The Electric Power Carbon Dioxide Emissions, Natural Gas for Massachusetts series tracks the amount of CO2 emitted through the combustion of natural gas for electricity production within the state. This data is used to assess the environmental sustainability of Massachusetts' power generation and inform energy policy decisions.
Methodology
The data is collected and calculated by the U.S. Energy Information Administration based on natural gas consumption and emissions factors.
Historical Context
This trend is widely referenced by energy regulators, utilities, and environmental organizations to monitor progress towards emissions reduction goals.
Key Facts
- Massachusetts aims to achieve net-zero emissions by 2050.
- Natural gas accounted for 62% of the state's electricity generation in 2021.
- Reducing emissions from natural gas power plants is a key component of the state's climate action plan.
FAQs
Q: What does this economic trend measure?
A: This trend measures the amount of carbon dioxide (CO2) emissions generated from the combustion of natural gas used to produce electricity in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the environmental impact of Massachusetts' energy mix and informing policies aimed at reducing greenhouse gas emissions from the power sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Energy Information Administration based on natural gas consumption and emissions factors.
Q: How is this trend used in economic policy?
A: This trend is widely referenced by energy regulators, utilities, and environmental organizations to monitor progress towards emissions reduction goals in Massachusetts.
Q: Are there update delays or limitations?
A: The data is released on a regular basis with minimal delay, providing timely information for policymakers and analysts.
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Citation
U.S. Federal Reserve, Electric Power Carbon Dioxide Emissions, Natural Gas for Massachusetts (EMISSCO2TOTVECNGMAA), retrieved from FRED.