Original scientific paper
https://doi.org/10.1080/1331677X.2021.2005651
Impacts of COVID-19 pandemic on renewable energy production in China: transmission mechanism and policy implications
Caisheng Dong
Dapeng Ji
Faisal Mustafa
Ambreen Khursheed
Abstract
The renewable energy industry, in particular, has experienced an
immense amount of pressure that has stemmed from the novel
COVID-19 pandemic. This study, however, investigates the renewable energy production initiatives that have taken come into
place as a reaction to the COVID-19 pandemic, using a time series
data of China in particular. The study uses the robust ARDL
bounds testing approach in order to get sound parameter estimates. The findings of the study reveal that COVID-19 pandemic
has significantly reduced the renewable energy production in
China, both in the short and long run. In addition to this, the
GDP and trade tend to positively impact the incidence of renewable energy production in the wake of the Covid-19 pandemic. In
the same context, it has been observed that the energy price has
a significant and negative impact on renewable energy production, particularly in the long-run, during the pandemic period.
Keeping these observations in consideration, it can be asserted
that the government should ideally adopt a short-term policy,
while mid-term and long-term action plans should be formulated,
so as to achieve the renewable energy targets in the future. In
this regard, the research implications and future directions have
thoroughly been discussed in the paper.
Keywords
COVID-19 pandemic; renewable energy production; China
Hrčak ID:
302627
URI
Publication date:
31.3.2023.
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