The transition to renewable energy sources is a critical component of sustainable development,

particularly in emerging markets. This paper investigates the economic implications of adopting
renewable energy technologies in five developing countries. We employ econometric models to assess
the effects on GDP growth, employment, and energy prices, using data from 2000 to 2020. Our findings
suggest that renewable energy investments lead to significant economic benefits, including job creation
in the green energy sector and reduced dependency on fossil fuel imports. However, the analysis also
identifies challenges such as initial investment costs and the need for policy support to facilitate this
transition. The study underscores the importance of international cooperation and financial mechanisms
to promote renewable energy in emerging economies.