Impacts of COVID-19 pandemic on renewable energy production in China: transmission mechanism and policy implications

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...

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Autores principales:	Caisheng Dong, Dapeng Ji, Faisal Mustafa, Ambreen Khursheed
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2021
Materias:	covid-19 pandemic renewable energy production china Economic growth, development, planning HD72-88 Regional economics. Space in economics HT388
Acceso en línea:	https://doaj.org/article/66885dceac4d4c8cbb97afecea109293
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spelling	oai:doaj.org-article:66885dceac4d4c8cbb97afecea1092932021-12-01T14:40:58ZImpacts of COVID-19 pandemic on renewable energy production in China: transmission mechanism and policy implications1331-677X1848-966410.1080/1331677X.2021.2005651https://doaj.org/article/66885dceac4d4c8cbb97afecea1092932021-11-01T00:00:00Zhttp://dx.doi.org/10.1080/1331677X.2021.2005651https://doaj.org/toc/1331-677Xhttps://doaj.org/toc/1848-9664The 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.Caisheng DongDapeng JiFaisal MustafaAmbreen KhursheedTaylor & Francis Grouparticlecovid-19 pandemicrenewable energy productionchinaEconomic growth, development, planningHD72-88Regional economics. Space in economicsHT388ENEkonomska Istraživanja, Vol 0, Iss 0, Pp 1-14 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	covid-19 pandemic renewable energy production china Economic growth, development, planning HD72-88 Regional economics. Space in economics HT388
spellingShingle	covid-19 pandemic renewable energy production china Economic growth, development, planning HD72-88 Regional economics. Space in economics HT388 Caisheng Dong Dapeng Ji Faisal Mustafa Ambreen Khursheed Impacts of COVID-19 pandemic on renewable energy production in China: transmission mechanism and policy implications
description	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.
format	article
author	Caisheng Dong Dapeng Ji Faisal Mustafa Ambreen Khursheed
author_facet	Caisheng Dong Dapeng Ji Faisal Mustafa Ambreen Khursheed
author_sort	Caisheng Dong
title	Impacts of COVID-19 pandemic on renewable energy production in China: transmission mechanism and policy implications
title_short	Impacts of COVID-19 pandemic on renewable energy production in China: transmission mechanism and policy implications
title_full	Impacts of COVID-19 pandemic on renewable energy production in China: transmission mechanism and policy implications
title_fullStr	Impacts of COVID-19 pandemic on renewable energy production in China: transmission mechanism and policy implications
title_full_unstemmed	Impacts of COVID-19 pandemic on renewable energy production in China: transmission mechanism and policy implications
title_sort	impacts of covid-19 pandemic on renewable energy production in china: transmission mechanism and policy implications
publisher	Taylor & Francis Group
publishDate	2021
url	https://doaj.org/article/66885dceac4d4c8cbb97afecea109293
work_keys_str_mv	AT caishengdong impactsofcovid19pandemiconrenewableenergyproductioninchinatransmissionmechanismandpolicyimplications AT dapengji impactsofcovid19pandemiconrenewableenergyproductioninchinatransmissionmechanismandpolicyimplications AT faisalmustafa impactsofcovid19pandemiconrenewableenergyproductioninchinatransmissionmechanismandpolicyimplications AT ambreenkhursheed impactsofcovid19pandemiconrenewableenergyproductioninchinatransmissionmechanismandpolicyimplications
_version_	1718404995861184512

Impacts of COVID-19 pandemic on renewable energy production in China: transmission mechanism and policy implications

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