Empirical Research on the Relationship Between Renewable Energy Consumption and Economic Growth in China

Traditional fossil energy is the substantial base on human's survival and development depends, it plays an important role for the human society progress and economic development. But the fossil energy reserves are limited, the constraints of economic and social development role gradually strengthened, so more and more attentions are paid on renewable energy sources. This paper first reviews the related research achievements of energy consumption and economic growth, then based on the economic data from 1980 to 2011, uses the method of Cobb-Douglas production function, studies China's renewable energy consumption and economic growth through co-integration analysis, Concluded that renewable energy could be a drag on China's economic growth and industrial development, China at present is not suitable for large scale development of renewable energy industry.