Modeling and Forecasting the Clean Energy Consumption in China

This article gave an exemplificative study about the Chinese clean energy demand based on the data since 1953. The co-integration model and the error correction model about the clean energy demand and the economy growth were established and their causality was discussed by Granger Causality test. To learn the inherent law of clean energy demand, the sparse coefficient model was built. These models all passed the statistical relevant tests and proved highly effective by simulating and forecasting comparing with the real values. The results of models can bring some references for the related people as the credible bases.