Legal frameworks governing renewable energy integration, environmental compliance, and sustainable economic growth in emerging global markets
Attah Ochinke & Co. Solicitors, Nigeria.
Review Article
World Journal of Advanced Research and Reviews, 2020, 08(03), 531-549
Publication history:
Received on 18 December 2020; revised on 24 December 2020; accepted on 28 December 2020
Abstract:
The transition toward renewable energy represents not only a technological and economic imperative but also a profound legal and regulatory challenge for emerging global markets. As nations strive to reduce dependence on fossil fuels, align with international climate commitments, and attract foreign investment, the establishment of robust legal frameworks has become critical. These frameworks must balance energy security, environmental protection, and socio-economic development, often under conditions of institutional fragility and rapidly evolving market dynamics. At a broader level, legal regimes governing renewable energy integration intersect with international agreements, trade law, and environmental standards that impose compliance obligations while shaping national policy trajectories. For emerging economies, navigating these frameworks requires adapting global norms to local realities, ensuring that renewable energy laws support infrastructural development, equitable access, and community participation. Environmental compliance mechanisms, such as emissions reporting, land-use regulation, and biodiversity protection, further test the ability of legal systems to align development with sustainability principles. Narrowing the focus, the role of investment laws, tariff structures, and public–private partnerships becomes central in incentivizing renewable energy adoption. Effective governance hinges on harmonizing environmental regulations with economic policies to reduce regulatory uncertainty and build investor confidence. Ultimately, sustainable economic growth in emerging markets depends on integrated legal strategies that create a predictable, transparent, and equitable environment for renewable energy deployment, ensuring that environmental protection and social equity remain integral to economic transformation.
Keywords:
Renewable energy law; Environmental compliance; Sustainable economic growth; Emerging markets; Regulatory frameworks; Energy governance
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Copyright © 2020 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0