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Analyzing the economic, social, and technological determinants of renewable and nonrenewable electricity production in China: Findings from time series models

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  • Li, Yi
  • Liu, Tianya
  • Xu, Jinpeng

Abstract

China has advocated and developed renewable electricity to protect the environment and achieve sustainable development. However, non-renewable electricity continues to dominate. Here, we investigate the influencing factors of non-renewable and renewable electricity production in China and compare the influencing factors of non-renewable and renewable electricity production. Based on a time series analysis from 2006 to 2020, we discuss the long-term and short-term relationships between renewable electricity production, non-renewable electricity production, economic growth, aging, and electricity production capacity through the cointegration test and vector error correction model. The empirical results indicate that economic growth and electricity production capacity have a long-run relationship with renewable and non-renewable electricity production, whereas aging only has a long-run relationship with renewable electricity production. Furthermore, a short-term causal relationship exists between economic growth, aging, electricity production capacity, and renewable and non-renewable electricity production. These findings provide policy implications.

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  • Li, Yi & Liu, Tianya & Xu, Jinpeng, 2023. "Analyzing the economic, social, and technological determinants of renewable and nonrenewable electricity production in China: Findings from time series models," Energy, Elsevier, vol. 282(C).
    • Handle: RePEc:eee:energy:v:282:y:2023:i:c:s036054422302282x
    DOI: 10.1016/j.energy.2023.128888
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