Industrial Carbon Dioxide Emissions, Petroleum for Maine
EMISSCO2TOTVICPEMEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.46
Year-over-Year Change
-65.95%
Date Range
1/1/1970 - 1/1/2021
Summary
This trend measures industrial carbon dioxide emissions from petroleum consumption in Maine. It is an important indicator of energy use and environmental impact in the state's industrial sector.
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 Industrial Carbon Dioxide Emissions, Petroleum for Maine trend tracks carbon dioxide (CO2) emissions from petroleum-based energy use by industrial facilities in the state of Maine. This metric provides insights into the environmental footprint and energy intensity of Maine's industrial activities.
Methodology
The data is calculated based on petroleum consumption figures and standard emissions factors.
Historical Context
This trend is used to monitor progress on emissions reduction goals and guide energy and environmental policies.
Key Facts
- Maine's industrial sector accounts for over 20% of the state's total carbon emissions.
- Petroleum is the dominant fuel source for Maine's industrial activities.
- Reducing industrial emissions is a key part of the state's climate action plan.
FAQs
Q: What does this economic trend measure?
A: This trend measures the carbon dioxide emissions from petroleum consumption by industrial facilities in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the environmental impact and energy use of Maine's industrial sector, which is essential for tracking progress on emissions reduction goals and informing energy and environmental policies.
Q: How is this data collected or calculated?
A: The data is calculated based on industrial petroleum consumption figures and standard emissions factors.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and environmental analysts to monitor industrial emissions and guide policies aimed at reducing the carbon footprint of Maine's industrial activities.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with a lag of several months. There may be limitations in the coverage or accuracy of the underlying petroleum consumption data.
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Citation
U.S. Federal Reserve, Industrial Carbon Dioxide Emissions, Petroleum for Maine (EMISSCO2TOTVICPEMEA), retrieved from FRED.