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Assessing The Factors That Determine Renewable Electricity Consumption In The United States: Using Ardl Approach, Hind Alnafisah

Future Journal of Social Science

Panel cointegration estimates are utilized for four groups of consumers of renewable electricity—residential, commercial, transportation, and industrial—from 1985 to 2020. The paper study uses panel cointegration for long and short-run effects using panel autoregressive distribution lag (ARDL) with several causality tests. This research finds that in the long run, tax credit, gross domestic product, and CO2 emission elasticities affect residential renewable energy consumption positively. Furthermore, natural gas affects the consumption of renewable energy negatively. The findings have social impacts which are that the consumption of renewable energy significantly emphasizes the global warming and energy security phenomena. The federal government of …