Correlation analysis on the energy consumption structure and economic growth: taking Shandong Province as an example

With people's growing awareness of green economy, low-carbon economic development has been increasingly demanded. The relationship of energy consumption structure and economic growth can be an important indicator for an economic entity's ecological economy process. Taking Shandong as the research object, the paper analyses the correlation between the economic development and different kinds of energy consumption, including coal, oil, electricity and new energy, with the grey correlation model using the data from 2000 to 2009 that representing the economic development and energy consumption. The result of the study shows that new energy consumption has the great correlation with economic development indicating that Shandong emphasizes on the development and utilization of new energy to reduce the excessive consumption of non-renewable energy in its economic growth.