Exploring the Forms of the Economic Effects of Renewable Energy Consumption: Evidence from China

He, Yugang; Huang, Panpan

doi:10.3390/su14138212

Cited by 9 publications

(4 citation statements)

References 96 publications

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“…Moreover, the results in Table 3 also suggest that a two-way causality between fossil fuel energy and the gross domestic product exists. In addition, this feedback hypothesis is supported by Chontanawat et al [30][31][32][33][34][35].…”

Section: Resultsmentioning

confidence: 66%

Energy and Economic Effects of the COVID-19 Pandemic: Evidence from OECD Countries

Zhang

2022

Sustainability

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The COVID-19 pandemic has caused disruption to the original order of the global economy and has had an influence on the social and economic growth of countries all over the globe. As a result, the aim of this paper is to explore the consequences of the COVID-19 pandemic on a sample of OECD countries with regard to energy and the economy. For empirical investigation, data from the first quarter of 2010 to the first quarter of 2022 are used, and the system generalized method of moments is applied. The findings reveal that during the COVID-19 pandemic, energy consumption impeded economic growth while economic expansion was the primary driver of energy resource consumption. Furthermore, an examination of heterogeneous effects reveals that economic growth and energy consumption are heterogeneous both before and after the COVID-19 pandemic. To conclude, these findings might provide a contribution to the body of research that has already been undertaken on this subject.

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Section: Resultsmentioning

confidence: 66%

Energy and Economic Effects of the COVID-19 Pandemic: Evidence from OECD Countries

Zhang

2022

Sustainability

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“…Examining the factors affecting REC, [44] suggested that GDP and institutional factors affect the level of REC across 41 European countries, while the environmental component only has a negligible impact on non-extractive countries. Moreover, some studies have found that other factors, such as trade openness, appear to have a statistically significant impact on REC [71].…”

Section: Plos Onementioning

confidence: 99%

Nexus between carbon emissions, energy consumption, and economic growth: Evidence from global economies

Dissanayake,

Perera,

Abeykoon

et al. 2023

PLoS ONE

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Renewable energy holds a remarkable role in clean energy adaptation due to the much lower carbon footprint it releases compared to other fossil fuels. It also has a positive impact by slowing down the rate of climate change. The study has examined the links between renewable and non-renewable energy use, CO2 emissions and economic growth in developed, developing, and LDCs and Economies in Transition between 1990 and 2019 in 152 countries. Granger-causality has been used as the methodology to investigate the link between the variables. The findings of the existing studies on the relationship between the consumption of renewable and non-renewable energy sources and economic growth are inconsistent, indicating that there may or may not be a relationship between the two factors. Apart from having a few empirical studies so far have examined the link between the above-mentioned variables, analysis has yet to encompass all the regions in the four sub-groups discussed above. The results indicated that no Granger-causal relationship exists between GDP and REC outside of Economies in Transition. Additionally, the GDP and CO2 of all countries have a one-way relationship. Nevertheless, research indicates that GDP and CO2 have a bi-directional link in Economies in Transition, a uni-directional relationship in developing countries, and no meaningful association in developed and LDCs. Therefore, it is essential to emphasise actions to lower CO2 emissions and develop renewable energy while also stimulating the economy. Ultimately, more nations should choose renewable energy sources to build a more sustainable future.

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“…When compared to infinite energy, it is a subset of the latter. Following He and Zhang [32], He and Huang [33], He et al [34], He [35], and He and Zhang [36], renewable energy consumption is used as an independent variable in this article.…”

Section: Variable Descriptionmentioning

confidence: 99%

Renewable Energy Consumption: Does It Matter for China’s Sustainable Development?

Wei

2023

Energies

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In China, one of the most pressing issues that have to be addressed is how to best manage the link between energy consumption and sustainable development. Given this context, the goal of the current article is to investigate the effect of renewable energy consumption on sustainable development. Using provincial panel data from 2005 to 2020 and the province and year fixed effects model for an empirical study, we discover that renewable energy consumption has a favorable impact on sustainable development. Similarly, the findings suggest the influence of non-renewable energy consumption on sustainable development is weaker than that of renewable energy consumption. Moreover, the heterogeneity of the influence of renewable energy consumption and nonrenewable energy consumption on sustainable development in eastern, central, and western China has been demonstrated as well. Notably, the two-stage least squares approach and generalized system method of moments are utilized to examine the robustness of this issue, and the reliability and robustness of the conclusions presented in this study are also confirmed. To sum up, the results in this article provide more evidence that the use of energy is an important contributor to achieving sustainable development in China and realizing the target set for sustainable development in 2030.

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Exploring the Forms of the Economic Effects of Renewable Energy Consumption: Evidence from China

Cited by 9 publications

References 96 publications

Energy and Economic Effects of the COVID-19 Pandemic: Evidence from OECD Countries

Energy and Economic Effects of the COVID-19 Pandemic: Evidence from OECD Countries

Nexus between carbon emissions, energy consumption, and economic growth: Evidence from global economies

Renewable Energy Consumption: Does It Matter for China’s Sustainable Development?

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