Journal of Economics and Development Studies

Green Energy Intensity: Development of Renewable Energy Generation and Consumption in Major Economies
Peter Yang

Abstract
This study attempted to identify common trends for the “green” economic development of the major developed and developing countries as well as exceptions to these trends. It investigated these economies’ renewable energy growths in the last 10 years. Drawing on the traditional concept of “energy intensity,” this study developed the term of “renewable energy intensity” or “green energy intensity” to test the hypothesis that its increase indicates an economy’s advancement in the sustainable economic development. It examined the major economies’ renewable energy intensities both with and without hydropower. The results revealed however that only a few EU countries passed both tests. Based on the major economies’ renewable energy intensities, the study discussed their policy implications for these economies’ green economic transformation.

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