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C. N. Nwedu
emission. This cannot be realized by mere government policy objectives on renewable development without any robust legal framework
supporting such objectives. The role of law and strong institutions are
consequently critical to maintain an effective renewable energy regime.
Legal framework is an important instrument to address critical issues of
investor-state concerns, but especially for investors since the whole aim
will be to attract new investments or create access for additional funds
for investments in the power sector. The appropriate market strategy,
and or policy will focus on incentives-liberalization within the role of a
supportive regulatory framework.
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