Integrating Renewable Energy Policies For Sustainable Economic Growth In Emerging Markets

Muhammad Nur Afiat; Syamsu Rijal

doi:10.63922/ijebir.v5i03.3799

Muhammad Nur Afiat Department of Economics and Business Universitas Halu Oleo
Syamsu Rijal Department of Economics and Business, Universitas Negeri Makassar

DOI: https://doi.org/10.63922/ijebir.v5i03.3799

Keywords: Policy integration; Renewable energy; Economic growth; Emerging market; Indonesia

Abstract

Energy transition efforts in emerging markets are often hampered by overlapping regulations that jeopardize national economic stability. This study aims to analyze the degree of policy integration of renewable energy and its implications for sustainable economic growth in Indonesia from 2010 to 2025. Adopting a qualitative approach with content analysis of 47 high-level legal documents, this study explores institutional causality using NVivo software. The results show that the objective consistency dimension has aligned significantly with global decarbonization targets. However, field realization remains heavily constrained by weak law enforcement capacity and the strong monopoly of long-term coal supply contracts. This study concludes that strengthening cross-sectoral policy integration is no longer merely an administrative complement but an absolute prerequisite for triggering a stable and equitable flow of green capital for emerging markets.

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