The Impact of Communal Land Ownership on Renewable Energy Development in Emerging Economies

The main question in this paper is to what extent communal land ownership (CLO) influences the utilization of environmentally friendly resources? To find the answer to this question, this study investigates the relationship between (CLO) and the adoption of environmentally sustainable resources in 12 emerging economies from 1990 to 2019, utilizing a panel data methodology. Findings suggest that (CLO) has a positive impact on promoting green resource utilization in the long term, whereas its short-term effects on green resource consumption are not substantial. Moreover, an immediate increase in GDP exhibits a negative influence, while a long-term rise positively affects the progression of green resource consumption. The Gini coefficient adversely affects the deployment of green resources, and heightened economic uncertainty leads to a reduction in their consumption. To harness the positive effects of (CLO) on green resource utilization, emerging economies should focus on implementing sustainable development education programs (ESD), bolstering green financial inclusivity, expanding poverty alleviation policies, enhancing functional literacy, and augmenting financial diffusion.

The Impact of Communal Land Ownership on Renewable Energy Development in Emerging Economies Keywords:

Communal Land Ownership , Emerging Economies , Financial Development , Green Economic Recovery , Green Energy Resources , Panel data