Nexus between economic recovery, energy consumption, CO2 emission, and total natural resources rent

This research examines the relationship between China's economic growth (EG) and its energy consumption, financial development (FD), and rent from natural resources. The research uses a panel of data from 1988 to 2018 to assess a panel co-integration and causation model. The results show a long-term link between these factors. The research also finds a positive correlation between economic growth and total natural resource rent, energy consumption, energy intensity and ecological footprint. According to the Granger causality test, there is a two-way causal relationship between CO2 emission industrialization and energy usage and a one-way causal relationship between energy use and GDP. This paper presents recommendations for tackling the growing energy demand brought on by prolonged economic expansion and significantly advances the science of energy economics.