CorrelateAI › Pairs
US Renewable Energy Share vs US Bank Lending Interest Rate
US Renewable Energy Share and US Bank Lending Interest Rate correlate at r = -0.54 over 57 years (1965–2021), p < 0.0001. With the time trend removed, r = -0.27. Holds up after detrending.
Verdict: Holds up after detrending. Statistically significant (p = < 0.0001) and the association survives trend removal (detrended r = -0.27). Correlation still isn't causation, but this one isn't an obvious artifact.
- Pearson r
- -0.54
- p-value
- < 0.0001
- Years compared (n)
- 57 (1965–2021)
- 95% confidence interval
- -0.71 to -0.33
- Correlation with the time trend removed
- -0.27
Sources
- US Renewable Energy Share (% of primary energy): Our World in Data. US Renewable Energy Share (Our World in Data: Renewables).
- US Bank Lending Interest Rate (%): World Bank. US Bank Lending Interest Rate (World Bank indicator FR.INR.LEND).
Related pairs
- US Renewable Energy Share vs US Federal Debt Outstanding (r = +0.99)
- US Renewable Energy Share vs US Wind Power Generation (r = +0.99)
- US Renewable Energy Share vs US CO₂ Emissions per Capita (r = -0.97)
- US Renewable Energy Share vs US Population Aged 65+ (r = +0.96)
- US Renewable Energy Share vs US GDP (current US$) (r = +0.95)
- US Renewable Energy Share vs US GDP per Capita (r = +0.94)
Correlation does not imply causation. How the verdict is worked out.