An Empirical Analysis of the Influencing Factors of the Changes in the Energy Consumption Structure in Henan Province

Abstract

With the rapid development of China's economy, the problems of energy resource utilization and environmental quality deterioration have become increasingly prominent. As an important energy base in China, the energy consumption structure of Henan Province has an important impact on the energy and environment of the whole country and even the whole world. Therefore, in-depth study of the factors affecting the clean energy consumption structure in Henan Province is of great significance for promoting the sustainable development of Henan energy. This study empirically analyzed the factors affecting the structural changes of energy consumption in Henan Province from 2007 to 2021, used time series analysis to test the stationary and co-integration of the data, established a multiple linear regression model, conducted parameter estimation, hypothesis testing, diagnosis and correction, and finally determined the model. The results show that the level of economic development, energy price and scientific and technological level are the key factors affecting the change of clean energy in Henan Province, and the influence of energy price is the most significant. Based on the above conclusions, some suggestions are provided, hoping to bring enlightenment to the adjustment and optimization of energy structure in Henan Province.