Nuclear,Renewable And Low Carbon Growth:An Empirical Evidence Of China,US,France And Japan

Energy is the lifeblood of supporting a country's life and death,and energy securit y is related to national security.The development and utilization of energy has begun from the birth of mankind.The early use of energy is water,animal power and other renewable energy.With the development of industry,water and other renewable energy natural provided can not meet the energy needed by social production and people live.The discovery of coal is the key to solve this problem.Human production and life is increasingly dependent on coal,oil,natural gas and other fossil fuels.But due to the increasing population,the rapid development of industry,traditional energy has been unable to meet the needs of national economy.In addition,energy provided by coal and other fossil fuels also cause great damage to the environment and climate.The global greenhouse effect is caused by the release of greenhouse gases such as carbon dioxide,which released by traditional energy sources burning.China's haze weather in recent years is also caused by the combustion of fossil fuels such as sulfur dioxide and nitrogen oxides.The growing shortage of traditional energy and the world's growing energy demand are contradictory.The development of nuclear energy,renewable energy and other new energy plays a vital role to solve the shortage of traditional energy.Countries such as United States,France and other countries have signed a document focusing on the development of new energy sources,aimed at the country's economic development to provide reliable and stable clean energy.On the other hand developing new energy will help reduce the dependence on petroleum fuels from other countries.New energy sources include new energy sources such as water,wind,solar,tidal,biomass,and nuclear energy etc.Excitedly,China's new energy reserves are rich.If they are developed,it will be a great contribution to the country's energy security and climate improvement.Using ARDL test and Granger approaches,this paper investigates the long-term Co-integration and the causal relationship between nuclear,renewables,GDP,and CO2 emissions in China,US,France and Japan.The findings reveal that the long-term coefficient of nuclear energy is smaller than renewable energy,indicating a relative advantage of nuclear power.However,the emission reduction effect of nuclear and renewables in China was not so much compared with other nations.Moreover,causality from economic growth to nuclear or renewable energy existed in all countries,whereas no causality from nuclear energy to economic growth existed in the countries except Japan.Therefore,the development of clean energy is not likely to hurdle economic growth in China.However,greenness of energy production process,augmentation of energy efficiency,sustainable development of resource-society,and nuclear safety issues should be given priorities to contribute to the green growth in China.