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The rising role of artificial intelligence in renewable energy development in China

Author

Listed:
  • Zhang, Xiaojing
  • Khan, Khalid
  • Shao, Xuefeng
  • Oprean-Stan, Camelia
  • Zhang, Qian

Abstract

Exploring the role of artificial intelligence (AI) in renewable energy (RE) development is pivotal for seizing technological opportunities and achieving climate objectives. This study uses wavelet analysis to examine the correlation between AI and RE in China. Our findings indicate a co-movement between AI and RE from 2014 to 2016 and a positive influence from AI to RE emerging from late 2018 to 2022. This suggests that AI acts as a facilitator for China's energy transition. Nevertheless, this effect is not constant; it becomes more pronounced with advancements in AI technology. These outcomes align with the techno-economic paradigms framework, implying that China can benefit from AI breakthroughs to accelerate its energy transition. Future policy efforts may focus on fostering collaboration among the government, businesses, and universities to promote AI and RE development.

Suggested Citation

  • Zhang, Xiaojing & Khan, Khalid & Shao, Xuefeng & Oprean-Stan, Camelia & Zhang, Qian, 2024. "The rising role of artificial intelligence in renewable energy development in China," Energy Economics, Elsevier, vol. 132(C).
    • Handle: RePEc:eee:eneeco:v:132:y:2024:i:c:s014098832400197x
    DOI: 10.1016/j.eneco.2024.107489
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    More about this item

    Keywords

    Artificial intelligence; Renewable energy; Energy transition; Wavelet analysis;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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