An Empirical Study on the Relationship between Technological Innovation and Energy Price of Chinese New Energy Enterprises

Abstract

China's economy has grown at an average annual rate of 10% since China's reform and opening up. The extensive economic growth model has made China the second largest economic entity in the world; however, it also brings problems such as high consumption, high emissions, and high pollution so on and so forth, which limits China’s strategy of sustainable and continuous development. By combing the existing literature, this paper explores the impact mechanism of technological innovation in energy enterprises based on the current situation in China and analyzes its econometric model regarding energy price as a variable. Finally, it draws conclusions and made corresponding suggestions.