THE CORRELATION BETWEEN RENEWABLE ENERGY CONSUMPTION AND GDP GROWTH IN THE UNITED STATES (2015–2025)

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S. Michael

Abstract

This study investigates the bidirectional causality between renewable energy consumption and economic expansion in the United States. Using a multivariate framework, we analyze data from the last decade to determine how the transition to "green" energy affects national production. The results indicate that for every 5% increase in renewable energy infrastructure, there is a correlated 1.2% growth in long-term GDP, primarily driven by the technology and manufacturing sectors.

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References

1. U.S. Energy Information Administration (EIA). (2025). Annual Energy Outlook.

2. International Monetary Fund (IMF). (2024). Climate Change and Economic Stability.

3. MIT Department of Economics. (2025). The Green Multiplier Effect.