New Commerce Department Reports Lay Foundation for Measuring Green Economy, Carbon Dioxide Emissions
The Commerce Department's Economics and Statistics Administration has issued two new reports on the green economy. The first, "Measuring the Green Economy," presents definitions and estimates of the size of the green economy. The report finds that the green economy makes up about 1 to 2 percent of the total economy and is poised for strong growth. The second report, "U.S. Carbon Dioxide Emissions and Intensities Over Time: A Detailed Accounting of Industries, Government and Households," analyzes energy-related CO2 emissions and intensities for 349 industries, the government, and households for the 1998 to 2006 period. This report shows how energy efficiency has changed over the past decade across industry sectors, indicating that some areas of the economy have shown substantial decreases in their CO2 emissions while others have made less progress. The methodology of the report provides a way to measure changes in energy efficiency over time as policies change.