Electric Power Carbon Dioxide Emissions, Residual Fuel for Maryland
EMISSCO2VRFEIBMDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49,484.31
Year-over-Year Change
-83.19%
Date Range
1/1/1980 - 1/1/2018
Summary
This trend measures carbon dioxide emissions from residual fuel consumption in the electric power sector for the state of Maryland. It is a key indicator of environmental impact and energy usage in the state's electricity generation.
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, Residual Fuel for Maryland trend tracks the amount of carbon dioxide released into the atmosphere due to the burning of residual fuel oil for electricity production within the state. This metric is used by policymakers and energy analysts to monitor environmental effects and inform decisions around energy policy and emissions reduction strategies.
Methodology
The data is collected and calculated by the U.S. Energy Information Administration based on state-level energy consumption and emissions factors.
Historical Context
This trend is relevant for understanding the environmental footprint of Maryland's electricity generation and informing policy discussions around renewable energy and emissions targets.
Key Facts
- Maryland's electricity sector accounted for over 30% of the state's total greenhouse gas emissions in 2019.
- Residual fuel oil makes up a small but significant portion of Maryland's electricity generation fuel mix.
- Reducing emissions from the power sector is a key strategy for Maryland to meet its climate goals.
FAQs
Q: What does this economic trend measure?
A: This trend measures the amount of carbon dioxide emissions from the consumption of residual fuel oil for electricity generation in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the environmental impact of Maryland's electricity sector and informing policy decisions around renewable energy, emissions reduction, and energy efficiency.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Energy Information Administration based on state-level energy consumption and emissions factors.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, energy analysts, and environmental advocates to monitor progress towards emissions reduction goals and inform decisions around energy policy, renewable energy, and environmental regulations.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not reflect the most recent developments in Maryland's electricity sector.
Related Trends
Information Earnings in Maryland
MDEINF
All Employees: Food Services and Drinking Places in Maryland
SMU24000007072200001A
Gross Domestic Product: Professional, Scientific, and Technical Services (54) in Maryland
MDPROBUSNQGSP
Chain-Type Quantity Index for Real GDP: Food and Beverage and Tobacco Product Manufacturing (311-312) in Maryland
MDFOODBEVTOBMANQGSP
Civilian Labor Force in Maryland
MDLFN
All Employees: Wholesale Trade in Maryland
SMU24000004100000001
Citation
U.S. Federal Reserve, Electric Power Carbon Dioxide Emissions, Residual Fuel for Maryland (EMISSCO2VRFEIBMDA), retrieved from FRED.